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The Thai Ministry of Finance plans to issue 5 billion THB digital investment Token G-Token.
Gate.io News bot message, Bloomberg reports that the Thai Ministry of Finance is preparing to issue a digital investment Token G-Token with a total amount of 5 billion Thai Baht (approximately 150 million USD). The Token is planned to be issued within the next two months and will serve as a fundraising tool for the current budget borrowing plan, but it does not fall under debt instruments.
The issuance of G-Token this time is mainly to test market demand and has been ensured to comply with the relevant regulations of the Bank of Thailand. It is currently unclear whether this plan is related to the proposal made by former Prime Minister Thaksin Shinawatra to issue government bond-backed stablecoins before January 2025.