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Thailand will issue $150 million in "digital investment tokens" G-Token, aiming for returns higher than bank deposits.
[Thailand will issue $150 million ‘Digital Investment Token’ G-Token, targeting returns higher than bank deposits] Thai Finance Minister Pichai Chunhavajira stated that the Ministry of Finance plans to issue a total of 5 billion baht (approximately $150 million) in ‘Digital Investment Token’ G-Token within two months. The token ‘aims to provide investors with returns higher than bank deposits’ and will ‘be used to raise funds from the public based on the current budget borrowing plan,’ but ‘will not be a debt instrument.’ This move has cabinet support and follows former Prime Minister Thaksin’s suggestion to ‘issue stablecoins backed by government bonds.’