The Q-Bond project covers data collection and the calculation of interest and principal payments on bonds that investors will receive on the maturity date through the Q-Bond operating system. It also incorporates electronic money (Q-money) in Quarix Blockchain, developed under the Bank of Thailand's regulatory sandbox framework, to settle bonds, and repay interest and principal. This helps reduce costs and transaction procedures, while ensuring accurate, complete, quick, and transparent data management. The project marks a significant success regarding financial innovation development within the regulatory sandbox framework of the Bank of Thailand, and reflects PTT's leadership in the capital market, representing a crucial step where the business and financial sectors join forces as key drivers in advancing Thailand's capital market towards the digital era on par with international standards.
Source: Kasikorn Bank