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Thailand plans to issue 5 billion baht G-Token digital investment Token for fundraising to test the market.
According to Bloomberg, the Thai Ministry of Finance plans to issue a digital investment Token, G-Token, valued at 5 billion Thai baht (approximately 150 million USD) within two months to raise funds for the current budget borrowing plan, but the Token is not a debt instrument. The issuance aims to test market demand and comply with relevant regulations from the Bank of Thailand. It is currently unclear whether G-Token is related to the stablecoin proposed by former Prime Minister Thaksin Shinawatra, which is backed by government bonds, before January 2025.