A First in History: This Country Will Launch Its Own Cryptocurrency!

The Thai Ministry of Finance announced that it will issue a new digital investment token worth 5 billion baht (, approximately 150 million dollars ), within the next two months following cabinet approval.

Finance Minister Pichai Chunhavajira announced at a press conference on Tuesday that this new asset is named "G-Token".

G-Token will be a digital token used to raise public funds within the current budget borrowing plan. However, according to Patchara Anuntasilpa, the General Director of Debt Management, this token does not qualify as a borrowing instrument.

The new digital asset initiative came after the call by Thailand's Prime Minister Paetongtarn Shinawatra’s father and the de facto leader of the ruling Pheu Thai Party, Thaksin Shinawatra, for the issuance of state bond-backed stablecoins. Thailand is among the Asian countries that are changing their policies towards digital assets by 2025. US President Donald Trump’s pro-cryptocurrency stance is also influencing this transformation process across the region.

Minister Pichai stated that with G-Token, investors can invest even with small amounts and can earn higher returns than bank deposit interest rates. While the 12-month deposit interest rates in banks in Thailand currently range between 1.25% and 1.5%, the policy rate of the Bank of Thailand was lowered to 1.75% in April. This rate is noted to be the lowest level in the last two years.