Thailand’s Ministry of Finance plans to issue $150 million worth of tokenized government bonds, offering retail investors the opportunity to invest for as little as $3, according to a report by the Bangkok Post.
Finance Minister Pichai Chunhavajira announced the initiative following a cabinet meeting that approved the plan. The digital bonds—called “G-tokens”—are expected to launch within the next two months.
The offering aims to broaden public access to government debt markets, which have traditionally been limited to institutions and high-net-worth individuals.
“One big selling point of the token is that it allows more retail investors to become part of the digital economy,” said Patchara Anuntasilpa, head of Thailand’s Public Debt Management Office. He emphasized that while the tokens are part of the government’s borrowing strategy, they are not traditional debt instruments.
The G-tokens will be available to Thai citizens and will trade on licensed digital asset exchanges, which remain closed to foreigners living in Thailand. The Ministry noted that these tokens are not cryptocurrencies, but will still operate on blockchain-based platforms to enhance accessibility and efficiency.
Higher Returns Than Bank Deposits
Minister Pichai said the token launch will serve as a “market test”, offering yields higher than traditional bank deposits, although no specific rates were disclosed. As of now, Thai banks offer around 1.25% interest on 12-month fixed deposits—well below the central bank’s benchmark rate.
The Finance Ministry hopes the initiative will help promote financial inclusion and introduce more Thais to digital investment opportunities backed by the government.
Global Trend in Tokenized Bonds
Thailand’s move comes amid a global rise in the use of blockchain for issuing bonds. The total value of tokenized bonds on-chain has doubled this year to $225 million, according to data from RWA.xyz, which tracks real-world asset tokenization.
Meanwhile, the market for tokenized U.S. Treasuries has grown significantly, reaching $6.9 billion—up 73% year-to-date.
Thailand’s Securities and Exchange Commission also revealed plans in February to develop a tokenized securities trading system for institutional investors, signaling growing momentum toward blockchain integration in traditional finance.
Featured image from: cointelegraph.com