TDO Clarifies SHFL Listing on SEC Risk List Is for Capital Calculation, Not Trading Approval

Key summary

On October 19, the Thai Digital Asset Business Association (TDO) addressed reports that the SHFL token appeared on a Securities and Exchange Commission (SEC) list of digital assets used to calculate Net Capital (NC). TDO explained that this list reflects risk values assigned by the SEC based on market value, trading volume, and liquidity data from CoinMarketCap, reviewed every six months. The purpose is to ensure businesses maintain sufficient capital for operations and risks without affecting customer assets. TDO emphasized that inclusion on the list does not automatically authorize a business to offer the asset; operators must still pass internal selection processes under SEC guidelines. Furthermore, TDO confirmed that its member firms currently do not provide trading or investment services for SHFL, noting that SEC regulations prohibit all businesses from offering illegal tokens.