Thailand’s securities regulator has proposed allowing mutual and private funds to invest in cryptocurrency, marking its latest effort to bolster the country’s crypto economy.

According to a Bangkok Post report citing an Oct. 9 announcement from Thailand’s Securities and Exchange Commission, the proposal outlines plans to let funds invest in investment tokens and crypto exchange-traded funds listed on U.S. stock exchanges.

SEC deputy secretary-general Anek Yooyuen stated that “investment tokens” would be treated similarly to securities such as stocks and bonds, given their comparable risks, aiming to allow securities firms and asset managers, to offer crypto products to large investors.