Thailand has updated its derivatives framework to allow carbon credits and digital assets to serve as underlying products. The change, approved by the Cabinet in February 2026, creates a legal path for cash-settled and physically delivered carbon credit futures. Regulators are working with the futures exchange to define contract specifications, while still restricting direct crypto payments for goods and services. For carbon market participants, this is a notable step toward structured price discovery and hedging. The framework aims to support Thailand's carbon neutrality goals by integrating carbon credits into mainstream financial infrastructure. However, the actual impact will depend on final contract rules, liquidity, and how well these products align with existing carbon registries and offset standards.
