Thailand’s $150 million tokenized bonds initiative marks a significant shift in the nation’s financial strategy, aiming to empower retail investors through blockchain technology.
Thailand’s Bold Move: $3 Tokenized Bonds for the Masses
Thailand’s government is preparing to test a $150 million coupon bond in the form of tokenized bonds, priced at $3. Finance Minister Pichai Chunhavajira is pushing this government plan, which has received cabinet approval. The plan aims to provide accessibility to all while also exploring the potential of blockchain-based finance.
Why This Matters
- G-Tokens are affordable to invest in, with a minimum investment of 100 Baht (or US$3), compared to bonds that require large amounts.
- The tokens are promising higher returns than Thailand’s 1.25% bank deposit rates, which could draw in millions of small investors.
- Not a Cryptocurrency: Unlike digital coins, these tokens are regulated securities that can only be traded on licensed exchanges in Thailand.
How It Works
The Public Debt Management Office (PDMO) has clarified that these tokens are not debt but rather digital investment instruments. People can expect profits on their investments and support the country’s national items. However, the trading in this will be restricted to only Thai people or residents.
Thailand’s Growing Blockchain Push
This isn’t Thailand’s first foray into tokenization.
- Between February 2025 and August 2025, the SEC approved instant tokens for a tokenized securities system.
- The country now accepts the USDC and other regulated stablecoins.
Global Tokenization Trend
Thailand’s action comes amid a rise in tokenization of real-world assets (RWAs).
- Worldwide on-chain bonds equal $225M (up 100% by 2025).
- $6.9B in tokenized U.S. Treasuries (a 73% increase this year).
What’s Next?
If the pilot program is successful, it can spread globally and help narrow the gap between traditional finance and blockchain finance. We’ll be monitoring Thailand closely for the next two months to see if retail-friendly tokenized bonds will become the norm.
Conclusion
By making it easier to invest, Thailand is allowing millions of investors to participate in the country’s economy. Will other countries follow suit?
