The Ministry of Finance of Thailand has announced plans to issue 5 billion baht in Digital Investmentstokens, called ‘G-Takens’, aimed at broadening public participation in investments in the government bonds. This initiative marks an important step in integrating digital assets in the financial strategy of the country.
Finance Minister Pichai Chunhavajira stated that the G tokens will be for sale within the next two months, after tackling the cabinet. The tokens are designated to offer a higher return than traditional bank deposits, making them an attractive option for investors in the retail trade. “Investors can invest with a small amount of cash for the new tokens,” comment from Chunhavajira, who emphasize the accessibility of the investment.
The G-Takens will be issued under the existing Act of Public Debt Management of 2005 and regulated by the Digital Asset Business Decree of 2018. The tokens are not classified as traditional debt instruments, but are part of the government’s budget extension plan. Patchara Anunsilpa, director-general of the public debt management office, emphasized that the tokens are an innovation in the financial landscape of the country, so that more retail investors can be part of the digital economy.
Investors can buy G-tasks through digital license asset exchange, brokers and other authorized entities. The minimum investment is set at 100 Baht, which significantly laid the threshold for participation in research into government bonds. This step is expected to take on a wider basis of investors, including those who are traditionally excluded from such opportunities.
The digital character of G-tasks offers various benefits compared to conventional government bonds. They can be traded on specialized digital platforms and offer grilling flexibility and accessibility for investors. Ownership is verified with the help of digital systems and the tokens can be transferred via digital asset platforms. Interest payment and the most important repayment will be made electronically to holders through their registered accounts, according to the schedule described in the prospectus.
The initiative is in line with the broader efforts of Thailand to modernize his financial infrastructure and to promote financial inclusion. By using blockchain technology, the government wants to streamline the bond space process, lower costs and improve transparency. The G-Loken issue also serves as a pilot to test the market reaction to digital financial instruments, with the potential for future extensions based on demand.
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