2025-05-15
May 13, 2025 — The Thai
Cabinet, led by Prime Minister Paetongtarn Shinawatra, has greenlit a
groundbreaking financial initiative: the launch of a digital token called
“G-Token,” a government-issued digital bond aimed at raising 5 billion baht ($149.6
million) directly from the public.
The move, proposed by the Ministry of
Finance, marks Thailand’s first foray into tokenized government fundraising.
G-token might operate on blockchain
infrastructure or some form of tradable token on stock exchanges, banking
applications, and licensed crypto exchanges, officials are steering clear of
the term "cryptocurrency."
“G-Token is not a cryptocurrency.” a
government spokesperson clarified.
It’s a digital form of government bond
and cannot be used for transactions like a stablecoin or to settle debts.
Under Thai law, digital tokens must
serve a specific purpose and cannot function as general-purpose currencies.
Designed to be accessible, the G-Token
comes with a low entry point, minimum investments start at just 100 baht (about
$3).
People will be able to purchase the
token through traditional banking channels, licensed brokerage firms, and
registered digital asset exchanges.
The initiative signals Thailand’s push
to modernize its financial infrastructure.
G-Token buyers will effectively be
lending to the government, just as they would with traditional bonds, but
through a tech-forward platform that could open the door to more agile and
inclusive investment mechanisms.
