The Thai government is planning to launch G-Token, a state-backed digital investment token worth approximately $150 million (5 billion baht), within the next two months.
According to Finance Minister Pichai Chunhavajira, the token was approved by the cabinet and is aimed at offering investors higher returns than traditional bank deposits. Although G-Token will be used to raise funds from the public, it will not be classified as a formal debt instrument and will operate under the country's current budget financing framework.
This initiative follows an earlier proposal by Prime Minister Paetongtarn Shinawatra’s father, Thaksin Shinawatra, advocating for stablecoins backed by government bonds. It also coincides with Thailand’s ongoing consideration of allowing Bitcoin ETFs to trade on local exchanges. Experts believe the G-Token launch could accelerate crypto adoption across the region and underscores Thailand’s growing commitment to the digital asset space.
