Thai Cabinet approves G-Token bond issuance starting at THB 5 billion
The initiative aims to make government bond investment more accessible to small investors.
The Cabinet has approved the issuance of government bonds in the form of Government Tokens (G-Tokens), with an initial pilot worth 5 billion baht. Using the existing public debt management framework, the initiative aims to make government bond investment more accessible to small investors.
Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced that the Cabinet meeting on Tuesday approved a proposal by the Public Debt Management Office (PDMO) under the Ministry of Finance to issue digital tokens—called the "Thailand Digital Token"—as a new method for the public to invest in government bonds.
“Traditionally, the PDMO issues bonds annually to finance budget deficits,” said Pichai. “By allowing fundraising through token issuance, the government hopes to make it easier for small investors to participate, even with as little as a few hundred baht. G-Tokens are designed to offer better and more consistent returns through long-term investments.”
He added that the move is also seen as a step toward building Thailand’s digital financial infrastructure.
Pichai said the pilot G-Token bond issuance will start with 5 billion baht—a figure considered appropriate for a trial before potential expansion. The bonds are expected to be available for public purchase within two to three months.
Deputy Finance Minister Paopoom Rojanasakul emphasized that this is neither a new form of government debt nor a cryptocurrency. The issuance will fall under the existing annual borrowing plan and is intended to offer an alternative savings and investment channel, particularly for low-income and small-scale investors. Additionally, the digital token format could help boost secondary market activity in government bonds.
