Thailand to launch $150m government token to raise public funds

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Thailand’s Finance Ministry plans to issue 5 billion baht ($150 million) in digital investment tokens—called the G-Token—within two months.Unlike traditional bonds, the G-Token is not classified as a debt instrument. Instead, it will be offered under Thailand’s budget borrowing plan, which aims to raise funds directly from the public, according to Bloomberg reporting. The move marks a shift in the government’s fundraising strategy and expands retail access to state-backed investments.According to Finance Minister Pichai Chunhavajirai, investors will be able to participate with small amounts of capital and can expect returns higher than current bank deposit rates. Better liquidity and accessibilityThe tokens are expected to meet all Bank of Thailand regulations and could help boost secondary bond market activity, offering more liquidity and accessibility. The current phase will serve as a test, with future issuances possible depending on demand.Thailand’s cabinet approved the G-Token plan and is part of broader digital asset initiatives being explored under the ruling Pheu Thai Party. Earlier this year, Thaksin Shinawatra—the father of Prime Minister Paetongtarn Shinawatra—advocated for government bond-backed stablecoins to support both retail and institutional investors.The Bank of Thailand recently cut its key interest rate to 1.75%, prompting the search for higher-yielding alternatives among savers. Traditional bank deposits currently offer returns of about 1.25% to 1.5%.Thailand joins a growing number of Asian countries exploring blockchain-based finance, as global trends—including the U.S.’s evolving crypto stance—begin to influence regional policy. Source link