BANGKOK, Thailand – The Securities and Exchange Commission (SEC) of Thailand has announced that it will begin accepting public feedback on the issuance of G-Tokens — a new form of government-backed digital asset aimed at retail investors. The move follows Cabinet approval of the Ministry of Finance’s plan to raise funds through G-Tokens to support the national budget deficit for fiscal year 2025.
Dr. Pornanong Busaratragoon, Secretary-General of the SEC, stated that the fundraising pilot, set to begin between July and August, will initially involve 5 billion baht. The tokens will be issued by the Ministry of Finance and will offer investors the right to receive both principal and returns under specified conditions.
Deputy Secretary-General Jomkwan Kongsakul clarified that G-Tokens will be allocated through primary market sales to retail investors. Those without digital wallets can participate by contacting securities companies, which will serve as intermediaries. Investor orders will be submitted to the Ministry of Finance for token allocation.
The G-Tokens will not require prior approval from the SEC for resale, and can be listed on secondary digital asset exchanges. Investors may hold tokens until maturity to receive returns or sell them on secondary markets. The SEC will monitor price fluctuations and label tokens with warnings if volatility spikes.
Meanwhile, the SEC emphasized that the use of digital assets as a means of payment remains prohibited in Thailand. It also reaffirmed restrictions on promotions, wallet creation, unauthorized fund transfers, and price manipulation to ensure fair investor protection and market integrity. (TNA)
