Thailand’s Ministry of Finance is set to launch $150 million worth of digital investment tokens, marking a significant step toward financial inclusivity for retail investors.
The initiative, confirmed by Finance Minister Pichai Chunhavajira during a May 13 press briefing, will allow the general public to purchase government bonds via blockchain-based tokens — a first for the country.
The plan, recently endorsed by Thailand’s cabinet, will see the digital tokens, dubbed “G-tokens,” go live within the next two months.
Thailand’s Digital Tokens to Fund Budget, Not Classified as Traditional Debt
According to Patchara Anuntasilpa, director-general of the Public Debt Management Office, the tokens are not traditional debt instruments but are part of the country’s budget borrowing plan.
One of the initiative’s core objectives is to broaden access to government-backed investment opportunities.
“One big selling point of the token is that it allows more retail investors to become part of the digital economy,” said Anuntasilpa.
With a minimum investment threshold of just $3, the program significantly lowers the barrier to entry for ordinary citizens.
Thailand’s bond market has historically catered to institutional and high-net-worth investors, leaving retail participants with limited options.
This new digital token offering is poised to change that dynamic, especially as local savers face historically low bank interest rates.
Commercial banks currently offer around 1.25% on 12-month fixed deposits—far below the Bank of Thailand’s benchmark rate, which has remained relatively high despite economic headwinds.
While officials clarified that the digital asset is not a cryptocurrency, it will be tradable on licensed Thai digital asset exchanges.
However, these platforms remain off-limits to non-Thai citizens residing in the country.
The move comes amid a broader push by Thai regulators to modernize capital markets.
In February, the Securities and Exchange Commission announced plans for a tokenized securities trading system aimed at institutional investors.
Globally, the tokenized bond market is gaining traction. The total on-chain value of tokenized bonds currently stands at $225 million, per data from RWA.xyz.
That figure has doubled in 2024 alone, while tokenized U.S. Treasuries have surged to $6.9 billion—up 73% this year.
Thailand’s digital bond initiative could be a harbinger of broader adoption in Asia’s evolving fintech landscape.
Tether’s $770M Gold-Backed Token XAU₮ Debuts On Thai Exchange
On May 13, Thai traders got their first taste of tokenized bullion when Tether, the issuer of the largest stablecoin, USDT, unveiled its gold-backed token, Tether Gold (XAU₮), on Maxbit.
The listing marks a step forward for the Thai market, making Maxbit the first exchange in the country to offer direct access to tokenized physical gold.
Each XAU₮ token represents ownership of one troy ounce of physical gold, fully backed and stored in secure vaults.
Last month, Thailand’s SEC filed a criminal complaint against global cryptocurrency exchange OKX, alleging it has been operating in the country without the required license since October 15, 2021.
According to the complaint, OKX, operated by Aux Cayes Fintech Co. Ltd., has been offering digital asset exchange services to Thai users unlawfully.
The post Thailand to Issue $150M Digital Bond Tokens, Opening Access to Retail Investors appeared first on Cryptonews.
