US EditionThai Government to Issue $150M Worth of Digital Investment Tokens
- Thailand's Ministry of Finance announced plans to issue $150 million worth of government-backed digital investment tokens called G-Tokens within two months.
- This initiative follows calls from former Prime Minister Thaksin Shinawatra to explore stablecoins backed by government bonds and aligns with Thailand's digital asset policies.
- The G-Tokens aim to allow retail investors to buy government bonds starting at 100 baht, offering returns higher than current bank deposit rates below the 1.75% central bank policy rate.
- Finance Minister Pichai Chunhavajira highlighted that the initial 5-billion-baht issuance aims to gauge investor response, does not constitute debt, and the tokens can be bought and sold through authorized digital trading platforms.
- The G-Token issuance may boost Thailand's digital economy and financial innovation, though it is not expected to significantly affect major cryptocurrencies like Bitcoin or Ethereum.
20 Articles
20 Articles
Thai Government to Issue $150M Worth of Digital Investment Tokens
Thailand's Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token - the G-Token, within two months, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing.This story was originally reported by Bloomberg.The announcement came after the cabinet endorsed the new token's initiative and is a part of the current budget borrowing plan. The initial 5 billion baht is mean…
Thailand to Issue $150 Milllion in Government Investment Tokens
Thailand’s Finance Ministry plans to issue 5 billion baht (about $150 million) worth of a new digital investment token within two months, Finance Minister Pichai Chunhavajira said at a Tuesday briefing after the initiative was endorsed by the cabinet.
Thailand to Issue $150M in New Digital Investment Tokens – News Bytes Bitcoin News
Thailand’s Ministry of Finance will issue $150 million (5 billion baht) worth of new digital investment tokens, called G-Tokens, within two months. These tokens will allow retail investors to invest in government bonds for as little as $3, offering potentially higher returns than bank deposits. While not a debt instrument or cryptocurrency, the G-Token will […]
Thailand Tests Digital Waters With $150M Government Investment Token
Thailand's Finance Ministry is set to launch a novel digital investment token, the G-Token, aiming to raise approximately $150 million from the public within the next two months. Finance Minister Pichai Chunhavajira announced the initiative following cabinet approval, according to a Bloomberg report.While serving as a fundraising mechanism under the current budget plan, the G-Token will function as an investment token rather than a debt instrume…
Thailand Unveils $150M G-Token In Digital Bond Launch
With the G-Token, a $150 million blockchain-based government cryptocurrency, Thailand’s financial Ministry is entering the digital financial space. As the Southeast Asian nation seeks to modernise its financial processes and involve a larger retail investor base, this project marks a dramatic new chapter in the government’s public fundraising method. A Shift From Traditional Bonds The G-Token is not classified as a formal liability, unlike conve…
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