Thailand is moving forward with its tokenized bond program, enlisting KuCoin as the lead crypto exchange for this initiative.
Selection of KuCoin as Lead Exchange
Crypto exchange KuCoin has been selected as the first platform supporting the tokenized bond initiative by the Thailand government. According to an official release on August 27, KuCoin will join the consortium supporting the G-Token initiative, the country’s new tokenized government bond.
KuCoin will oversee subscriptions, redemptions, and secondary trading, while also providing advisory support to the Public Debt Management Office.
Details about G-Token
G-Token is a blockchain-based version of government bonds, issued directly under the Public Debt Management Act. The first issuance will total 5 billion baht, or $150 million, fully backed by the state in terms of principal and interest.
The key feature is accessibility: G-Token can be purchased starting at just 100 baht, around $3, making sovereign debt accessible to retail investors through licensed exchanges like KuCoin Thailand.
Thailand's Position in Crypto
Thailand is one of the leading pro-crypto countries in Asia, building a regulatory framework that blends investor protection with support for innovation. The government recently announced a five-year exemption on capital gains tax for crypto transactions, aiming to boost tax revenue and position the country as a global digital asset hub.
The G-Token initiative underscores how tokenization is moving from pilot projects into national financial infrastructure. With KuCoin as its lead exchange partner, Thailand is betting that blockchain can make government bonds more accessible and more efficient.
