Thailand to issue $150 million "digital investment token" G-Token, targeting higher returns than bank deposits
2025-05-13 22:07:51
Thailand's finance minister, Pichai Chunhavajira, said the ministry planned to issue G-Token, a "digital investment token" worth 5 billion baht (about $150 million), within two months. The token is "designed to provide investors with higher returns than bank deposits" and will be "used to raise funds from the public under the current budget borrowing scheme" but "will not be a debt instrument". The move was backed by the cabinet and followed a proposal by former prime minister Thaksin Shinawatra to "issue a stablecoin backed by government bonds".
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