Thailand finance minister said the country plans to issue a “digital investment token” in the next two months, Bloomberg reported on Tuesday.
“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,” the report said.
About $150 million worth of the token, called G-Token, will be offered. The token is meant to provide investors with the chance to earn a higher return than they would on bank deposits, the finance minster said, according to Bloomberg. The token will be “used to raise funds from the public under the current budget borrowing plan” but won’t be a debt instrument, the report also said.
The move to issue a crypto to the public comes after Thaksin Shinawatra, father of Prime Minister Paetongtarn Shinawatra, said earlier this year that Thailand should consider “issuing stablecoins backed by government bonds,” the report added.
Thailand’s move to issue a government-sanctioned cryptocurrency also comes amid a broader global shift of both nations and traditional financial firms embracing blockchain and digital asset-based investment vehicles. Government officials in other Asian countries like Malaysia and Japan have also demonstrated an increased willingness to engage with digital asset innovation.
Bloomberg reported in January that Thailand was considering allowing Bitcoin ETFs to list on local exchanges.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
