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Thailand Names KuCoin as First Global Exchange Partner for G-Token Bond Rollout

The state-backed digital bond enters retail channels through licensed Thai platforms with global access pending regulator sign-off.

Overview

  • Thailand’s Ministry of Finance confirmed a 5 billion baht inaugural issuance of the G-Token, with principal and interest guaranteed by the state.
  • KuCoin Thailand will manage subscriptions, redemptions, and listings alongside XSpring Digital, Krungthai XSpring, and SIX Network.
  • Trading will start on licensed domestic exchanges, and a potential listing on KuCoin’s international platform awaits additional approvals.
  • The program is designed to broaden retail access to sovereign debt, with reported minimum purchases around 100 baht.
  • Consortium members cite ongoing work to satisfy AML/KYC requirements, strengthen cybersecurity, and develop secondary-market liquidity.