Thailand Will Tokenize $150M in Government Bonds

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Thailand’s Finance Ministry plans to issue 5 billion baht (around $150 million) in digital investment tokens within two months, as announced by Finance Minister Pichai Chunhavajira after receiving cabinet approval.

Known as the G-Token, this digital token will facilitate public fundraising under the current budget borrowing plan. However, Public Debt Management Office Director-General Patchara Anuntasilpa clarified that it should not be confused with a debt instrument.

The G-Token’s launch follows a suggestion by Thaksin Shinawatra, father of Prime Minister Paetongtarn Shinawatra and influential figure in the ruling Pheu Thai Party, who in January advocated for Thailand to issue stablecoins backed by government bonds for both retail and institutional investors.

At the briefing, Pichai mentioned that investors could participate with a small investment and expect higher returns than traditional bank deposits.