27-5-2025 – Thailand’s Securities and Exchange Commission (SEC) has taken decisive steps to regulate government-issued digital tokens, or G-Tokens. Recently, the SEC held a public consultation to establish clear standards for these innovative financial instruments, ensuring they align with the nation’s Digital Asset Act. Under this framework, G-Tokens will fall under the SEC’s watchful eye, with a firm directive that they cannot serve as a means of payment, distinguishing them from cryptocurrencies used for transactions.
Thailand’s foray into digital tokens reflects a broader ambition to modernise its financial ecosystem. The Ministry of Finance, led by Minister Pichet, has unveiled plans to launch G-Tokens worth 5 billion baht, a pioneering initiative greenlit by the cabinet. Unlike traditional debt securities, these tokens are crafted as a digital mechanism to rally public investment, offering a novel avenue for fundraising. The initial issuance, described as a litmus test for market enthusiasm, is set to roll out within the next two months, adhering strictly to the Bank of Thailand’s regulatory guidelines.
What sets G-Tokens apart is their accessibility. Designed to attract investors with modest capital, the tokens promise returns that outstrip the current bank deposit rates, which hover between 1.25% and 1.5%. This comes at a time when the Bank of Thailand has trimmed its benchmark interest rate to 1.75%, the lowest in two years, as confirmed in April. By offering higher yields, G-Tokens aim to entice a broad spectrum of investors, democratising access to opportunities once reserved for those with deeper pockets.
