Thailand to Issue $150 Milllion in Government Investment Tokens

Thailand’s Finance Ministry plans to issue 5 billion baht (about $150 million) worth of a new digital investment token within two months, Finance Minister Pichai Chunhavajira said at a Tuesday briefing after the initiative was endorsed by the cabinet.

The so-called G-Token is a digital token used to raise funds from the public under the current budget borrowing plan, although it isn’t a debt instrument, Public Debt Management Office Director-General Patchara Anuntasilpa said at the briefing.