Thai Digital Asset Association

What Thai Digital Asset Association does

The Thai Digital Asset Association (สมาคมสินทรัพย์ดิจิทัลไทย) is a non-profit trade association established under Thailand's Trade Association Act B.E. 2509 and regulated by the Bangkok Trade Association Registration Office. Founded around 2018-2019, the association operates with approximately 7 employees from Bangkok and serves as the recognized industry body for Thailand's blockchain and digital asset sector. Its core activities are structured around five functions: disseminating curated information to combat misinformation and fraud, advancing the digital asset and blockchain industry, coordinating between the private sector and government regulators, operating a complaint and reporting center for digital asset misconduct, and promoting investor and operator education. The organization does not build proprietary technology; its online presence (thaidigitalasset.org) functions as a content management system publishing articles, announcements, and educational resources on DeFi, CBDC, NFTs, DAOs, crypto wallets, and digital identity.

The association's principal offerings are: (1) the annual Blockchain Thailand Genesis conference (currently in its 3rd edition, attracting 3,000+ registrations, with editions held in 2018, 2019, and 2020), (2) a continuously published educational blog and article library, (3) policy advocacy and regulatory engagement services with the SEC Thailand (ก.ล.ต.) and the Revenue Department (กรมสรรพากร), (4) a digital asset fraud and complaint reporting center, and (5) tax consultation and advocacy channels developed jointly with the Revenue Department. The membership base comprises licensed digital asset exchanges and broker-dealers (including Kubix — a Kasikorn Bank subsidiary — Bitazza, Zipmex, Kulap, Upbit), international blockchain service providers (Atato), media organizations, and individual contributors.

Revenue is generated exclusively through recurring membership fees (specific tiers are not publicly disclosed). The association is governed by a volunteer management committee — led by President Suphakrit Boonsat — and is member-funded with no disclosed venture, private equity, or institutional investment. Its go-to-market is community-led and education-driven, reaching the Thai public, digital asset investors, and regulatory bodies through the website, social media (Facebook, YouTube, LinkedIn), the annual conference, and direct policy engagement.

Name

Thai Digital Asset Association

Legal name

สมาคมสินทรัพย์ดิจิทัลไทย (Thai Digital Asset Association)

Website

https://thaidigitalasset.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

The Thai Digital Asset Association (สมาคมสินทรัพย์ดิจิทัลไทย) is a Bangkok-based non-profit trade association that coordinates Thailand's licensed digital asset operators, educates the public on blockchain technology, and serves as the industry's recognized interlocutor with the SEC and Revenue Department.

Ownership category

akta.pro rank

Product category

Blockchain and Digital Asset Trade Association

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSADALAJ

Risk Management, Controls, Governance & Policy (Crypto)

Financial & Insurance/Crypto & Digital Assets/Compliance, AML/KYC, Risk & Forensics (Crypto)

SECONDARYFSAPAJAI

Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance)

Financial & Insurance/Blockchain & Web3/Security, Compliance & Risk (auditing, monitoring, analytics, AML/KYC)

Keywords

• Blockchain industry association
• Digital asset advocacy
• Crypto policy education
• Industry trade association
• Regulatory engagement services

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: The association generates revenue through membership fees paid by digital asset businesses, technology companies, media organizations, and individual contributors. Members receive access to monthly meeting information, participation rights in association activities, and voting rights in annual general meetings.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Thai Digital Asset Association is a non-profit trade association that serves as a coordination hub for Thailand's blockchain and digital asset industry. It disseminates accurate information on blockchain and digital assets to the Thai public, runs the annual Blockchain Thailand Genesis conference, provides a fraud reporting and investor protection center, and engages in policy advocacy with regulators including the SEC (ก.ล.ต.) and the Revenue Department on digital asset taxation frameworks. Members include licensed digital asset exchanges, broker-dealers, blockchain technology firms, and individual contributors.

Product overview

The Thai Digital Asset Association (สมาคมสินทรัพย์ดิจิทัลไทย) is a trade association organized under the Trade Association Act B.E. 2509 and regulated by the Bangkok Trade Association Registry. It is not a product company but rather a membership-based industry body whose offerings include the annual Blockchain Thailand Genesis conference, an educational article and blog library covering cryptocurrency, DeFi, DAOs, NFTs, crypto wallets, digital identity, and fraud prevention, a fraud reporting and investor protection coordination service, policy advocacy and regulatory engagement with the SEC (ก.ล.ต.) and the Revenue Department, and collaborative tax consultation channels. These activities collectively support the association's mission to disseminate accurate information about blockchain and digital assets to the Thai public, protect investors from scams, and advocate for the industry's sustainable development.

Differentiator

Problem solved

Functional benefit

Products and services

• Blockchain Thailand Genesis Annual flagship conference bringing together blockchain and digital asset experts, regulators, and industry practitioners to educate Thai audiences on cryptocurrency, DeFi, CBDC, NFTs, and blockchain technology.
• Educational Articles and Blog Content Library of articles and blog posts covering digital asset topics such as cryptocurrency investment, crypto wallet security, DeFi, DAOs, digital asset lending, blockchain technology, digital identity, and fraud prevention.
• Tax Consultation and Advocacy Collaborative channel with Thailand's Revenue Department to gather industry feedback and develop practical digital asset taxation guidelines, involving traders, miners, licensed and unlicensed operators, and tax academics.
• Investor Protection and Fraud Reporting Center Complaint and reporting center for fraudulent activities related to digital assets, acting as a coordination hub between the private sector and regulators to protect investors and combat scams.
• Policy Advocacy and Regulatory Engagement Liaison service between the digital asset industry and regulatory bodies such as the SEC (ก.ล.ต.) and the Revenue Department, submitting position papers, requesting meetings, and coordinating industry responses to proposed regulations.

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• กรมสรรพากร (Revenue Department)coreStrategic or Co-development Partner · 11 January 2022The association collaborated with the Revenue Department on a joint working group to develop digital asset taxation guidelines. A meeting was held on January 11, 2022 with Association President Supakit Boonsart and Deputy Director-General of the Revenue Department to discuss tax collection frameworks covering traders, miners, and both licensed and unlicensed operators. The Revenue Department would publish questionnaires developed jointly with the association.
• Kubix (Kasikorn Bank subsidiary)minorOthers · 8 October 2021Ordinary member of the association as a licensed digital asset exchange operator. Kubix, a subsidiary of Kasikorn Bank, joined as a founding ordinary member providing industry representation.
• BitazzaminorOthers · 8 October 2021Ordinary member of the association as a licensed digital asset exchange and broker-dealer. Bitazza is a licensed operator under SEC Thailand.
• ZipmexminorOthers · 8 October 2021Ordinary member of the association. Zipmex is a licensed digital asset exchange operator that faced a public crisis in July 2022 (ZipUp+ product freeze), for which the association issued an official statement.
• KulapminorOthers · 8 October 2021Ordinary member of the association as a licensed digital asset exchange operator.
• UpbitminorOthers · 8 October 2021Ordinary member of the association as a licensed digital asset exchange operator.
• AtatominorOthers · 8 October 2021French-owned blockchain services company that filed for and received association membership approval. Represents international/business technology members.
• สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (SEC Thailand / ก.ล.ต.)coreStrategic or Co-development Partner · 26 February 2021The association engages with SEC Thailand on regulatory policy, investor protection, and knowledge testing requirements for digital asset investors. The association submitted a formal letter requesting a meeting with SEC to discuss proposed investor knowledge test requirements, advocating for industry-friendly alternative guidelines. SEC opened a public consultation on crypto investor qualifications ending March 27, 2021.
• สมาคมการค้าผู้ประกอบธุรกิจสินทรัพย์ดิจิทัลไทย (Digital Asset Business Trade Association)coreStrategic or Co-development PartnerPartner association participating in the multi-party working group led by the Revenue Department to develop the digital asset taxation framework. This trade association represents licensed digital asset operators.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• CryptoUK: UK self-regulatory trade association for the crypto asset industry, working with the FCA and HM Treasury on policy and standards. A peer in mission and operating model to the Thai Digital Asset Association, though serving a different geography.
• Chamber of Digital Commerce (US): US-based trade association advocating for the digital asset and blockchain industry before policymakers and regulators. Shares the Thai association's mission of regulatory engagement, public education, and member coordination, though operating in a much larger market.
• Korea Blockchain Association: South Korean industry association representing blockchain and digital asset businesses. Comparable mission — policy advocacy, member coordination, and public education — and an established counterpart to regulators, much like the Thai association's role with the SEC and Revenue Department.
• Japan Virtual Currency Exchange Association (JVCEA / 日本暗号資産取引業協会): Japan's self-regulatory body for licensed cryptocurrency exchanges, recognized by the FSA. A direct analogue to the Thai Digital Asset Association in representing licensed operators, setting industry rules, and engaging with the financial regulator on behalf of members.
• Hong Kong Blockchain Association: Hong Kong-based industry association promoting blockchain and digital asset development. Comparable to the Thai Digital Asset Association in its mission to bridge private operators with regulators (e.g., SFC) and to drive education and industry standards in an Asian market.
• ACCESS (Association of Cryptocurrency Enterprises and Startups, Singapore): Singapore-based trade association for the crypto and digital asset industry. It is the closest functional peer to the Thai Digital Asset Association — both serve as industry coordinating bodies interfacing with national financial regulators on policy, taxation, and licensing in their respective Southeast Asian jurisdictions.
• Blockchain Australia: Australia's peak industry body for blockchain and digital asset businesses. Closely mirrors the Thai Digital Asset Association's role in industry coordination, policy advocacy with national regulators (AUSTRAC, ASIC), and public education on digital assets.

Regional players

• European Crypto Initiative (EUCI): European advocacy group for the crypto and blockchain sector engaging with EU policymakers. Comparable as an industry-coordination body, but focused on European rather than Thai digital asset policy.

Broad incumbents

• Global Digital Finance (GDF): An international industry body promoting global standards for digital assets. Comparable in advocacy and education remit, but operates cross-border rather than as a single-country trade body like the Thai Digital Asset Association.

Others

• Securities Commission Malaysia (SC Malaysia) — Digital Asset Industry Engagement: Malaysian regulator overseeing digital asset exchanges (e.g., Luno, Tokenize) and IEO frameworks. Adjacent rather than a direct peer — it is the regulator counterpart to what associations like the Thai Digital Asset Association engage with, and useful for benchmarking the regulatory environment the Thai association operates within.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UCcPAwQ3ol6wASqZwQUO-NdQ
• Facebookfacebook.com/ThaiDigitalAssetAssociation
• LinkedInlinkedin.com/company/thaidigitalassetassociation

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Thai Digital Asset Association