Thailand's government announced the launch of a 5 billion baht digital investment token issuance for funding its needs. The initiative aims to explore digital finance in the public sector.
G-Tokens Digital Tokens
The Thai Ministry of Finance has announced the issuance of digital investment tokens, known as G-Tokens, with a total amount of about $150 million. This project is planned to be implemented within two months as part of the government's strategy to attract funds from the public sector. As Finance Minister Pichai Chunhavajira noted, "The G-Tokens will be issued within two months under Thailand's budget borrowing plan, designed to raise funds directly from the public while offering better returns than traditional bank deposits."
SEC Support
The Thai Securities and Exchange Commission (SEC) actively supports blockchain-related initiatives, indicating positive expectations from the financial sectors. Minister Chunhavajira emphasizes that the project fully complies with central bank requirements.
The Future of Digital Assets in Thailand
The Coincu research team suggests Thailand’s digital token strategy aligns with global financial modernization trends. Utilizing blockchain technology could enhance transparency and access in public finance, paving the way for broader digital asset integration in Southeast Asia.
The issuance of digital tokens in Thailand demonstrates the government's commitment to innovative approaches in public financing, which could lead to significant transformations in the country’s financial sector.
