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By Camomile Shumba|Edited by Stephen Alpher
May 14, 2025, 2:44 p.m.
- Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token to raise funds.
- “Investors will earn higher returns than banks’ deposits,” Finance Minister Pichai Chunhavajira said Tuesday at a briefing.
Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token – the G-Token, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing.
STORY CONTINUES BELOW
This story was originally reported by Bloomberg.
The announcement came after the cabinet endorsed the new token’s initiative and is a part of the current budget borrowing plan. The initial 5 billion baht is meant to “test the market,” Chunhavajira added.
The decision follows the former prime minister of the country Thaksin Shinawatra’s request for the nation to consider issuing stablecoins backed by government bonds, earlier this year.
“Investors can invest with a small amount of cash for the new tokens,” Chunhavajira said at the briefing. “Investors will earn higher returns than banks’ deposits.”
Banks in Thailand currently offer 12-month deposit interest rates between 1.25% and 1.5% below the nation’s central bank, policy rate of 1.75% according to Bloomberg.
Thailand has been making strides to broaden its crypto approach. Last year the nation put in place a tax exemption for crypto earnings and its Securities and Exchange Commission recently added stablecoins USDC and USDT to its list of approved cryptocurrencies for trading on digital exchanges.
CoinDesk reached out for a comment.
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
