Thai Government to Issue $150M Worth of Digital Investment Tokens

The archetypal 5 cardinal baht offering is meant to "test the market," Finance Minister Pichai Chunhavajira said Tuesday astatine a briefing.

Updated May 14, 2025, 3:11 p.m. Published May 14, 2025, 2:44 p.m.

Thailand's Ministry of Finance is acceptable to contented 5 cardinal baht ($150 million) of its integer concern token - the G-Token, wrong 2 months, to rise funds from the public, Finance Minister Pichai Chunhavajira said astatine a Tuesday briefing.

This communicative was originally reported by Bloomberg.

The announcement came aft the furniture endorsed the caller token's inaugural and is simply a portion of the existent fund borrowing plan. The archetypal 5 cardinal baht is meant to "test the market," Chunhavajira added.

The determination follows the erstwhile premier curate of the state Thaksin Shinawatra's petition for the federation to see issuing stablecoins backed by authorities bonds, earlier this year.

“Investors tin put with a tiny magnitude of currency for the caller tokens,” Chunhavajira said astatine the briefing. “Investors volition gain higher returns than banks’ deposits.”

Banks successful Thailand presently connection 12-month deposit involvement rates betwixt 1.25% and 1.5% beneath the nation's cardinal bank, argumentation complaint of 1.75% according to Bloomberg.

Thailand has been making strides to broaden its crypto approach. Last twelvemonth the federation enactment successful spot a taxation exemption for crypto earnings and its Securities and Exchange Commission precocious added stablecoins USDC and USDT to its database of approved cryptocurrencies for trading connected integer exchanges.

CoinDesk reached retired for a comment.