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6h ago

Thailand Launches G-Token, Taps KuCoin as First Global Exchange Partner

The government backs principal and interest under the Public Debt Management Act.

Thailand KuCoin tokenized bonds G-Token program digital government securities blockchain technology

Overview

  • Thailand’s Ministry of Finance launched the G-Token program with an initial 5 billion baht (about $153 million) issuance.
  • KuCoin was named the inaugural global exchange partner, with KuCoin Thailand, licensed by the SEC, handling domestic subscriptions, redemptions and listings alongside XSpring Digital, Krungthai XSpring and SIX Network.
  • The bonds will debut on licensed Thai exchanges, with a potential listing on KuCoin’s global platform pending regulatory approval.
  • The initiative is intended to widen retail access to sovereign debt through small-ticket digital subscriptions and on-chain trading.
  • Participants highlighted outstanding needs around AML/KYC compliance, cybersecurity protections and the development of secondary-market liquidity.