The Thai Ministry of Finance is preparing to issue $150 million in digital investment tokens, a pivotal development aimed at enhancing financial accessibility for retail investors.
This initiative, as announced by Finance Minister Pichai Chunhavajira during a press conference on May 13, will enable the public to purchase government bonds through blockchain-based tokens, a groundbreaking move for Thailand.
Having received approval from the Thai cabinet, the digital tokens, referred to as “G-tokens,” are expected to be launched within the next two months.
Thailand’s Digital Tokens to Fund Budget, Not Classified as Traditional Debt
Patchara Anuntasilpa, the director-general of the Public Debt Management Office, clarified that these tokens should not be mistaken for conventional debt instruments, as they are integrated into the nation’s budget borrowing strategy.
A key goal of this initiative is to expand access to government-endorsed investment opportunities.
“One big selling point of the token is that it allows more retail investors to participate in the digital economy,” Anuntasilpa noted.
With a minimum investment requirement of only $3, this program significantly reduces entry barriers for the average citizen.
Traditionally, Thailand’s bond market has catered mainly to institutional and high-net-worth investors, leaving retail investors with limited access. However, this new digital token offering is set to transform that situation, especially as local savers contend with historically low interest rates on bank deposits.
Currently, commercial banks in Thailand offer approximately 1.25% on 12-month fixed deposits—well below the Bank of Thailand’s benchmark rate, which has remained relatively elevated amid economic challenges.
Officials have emphasized that while the digital asset is not a cryptocurrency, it will be available for trading on licensed Thai digital asset exchanges.
Thailand is set to roll out $150 million in digital tokens for retail investors, starting with just a $3 minimum investment!
These “G-tokens” are recognized as “investment tokens” and are supported by the government, according to the Finance Minister.
— Coin Bureau (@coinbureau) May 14, 2025
However, it is important to note that these trading platforms are not accessible to non-Thai residents living in the country.
This launch is part of a broader effort by Thai regulators to modernize the capital markets. Earlier this year, the Securities and Exchange Commission revealed plans for a system to trade tokenized securities, specifically targeting institutional investors.
The global tokenized bond market is currently thriving, with the total on-chain value of tokenized bonds reaching $225 million according to data from RWA.xyz. This figure has doubled in 2024, while tokenized U.S. Treasuries have surged to $6.9 billion—an increase of 73% this year.
Thailand’s digital bond initiative could signal a shift toward greater adoption within Asia’s rapidly evolving fintech ecosystem.
Tether’s $770M Gold-Backed Token XAU₮ Debuts On Thai Exchange
In another noteworthy development, Thai traders were introduced to tokenized bullion on May 13 as Tether, the issuer of the prominent stablecoin USDT, launched its gold-backed token, Tether Gold (XAU₮), on the Maxbit exchange.
This listing advances the Thai market, positioning Maxbit as 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, which is fully backed and securely stored in vaults.
Additionally, Thailand’s SEC recently filed a criminal complaint against the global cryptocurrency exchange OKX, alleging that it has been operating illegally within the country without the necessary license since October 15, 2021.
The complaint states that OKX, managed by Aux Cayes Fintech Co. Ltd., has been providing digital asset exchange services to Thai users unlawfully.
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