KuCoin Partners with Thailand to Support World’s First Tokenized Government Bond (G-Token)
The post KuCoin Partners with Thailand to Support World’s First Tokenized Government Bond (G-Token) appeared on BitcoinEthereumNews.com. Thailand’s Ministry of Finance launched G-Token, the first publicly sold tokenized government bond venture in history. KuCoin has established a strategic collaboration and consortium agreement with XSpring Digital and KuCoin Thailand in this innovative initiative. Leading global cryptocurrency exchange KuCoin is pleased to announce that it is the first cryptocurrency exchange in the world to support Thailand’s historic G-Token Program. Thailand’s Ministry of Finance launched G-Token, the first publicly sold tokenized government bond venture in history. It is also the country’s first government bond to be listed on a digital asset exchange. KuCoin has established a strategic collaboration and consortium agreement with XSpring Digital and KuCoin Thailand in this innovative initiative. One of the first digital asset exchanges to facilitate the G-Token’s listing, redemption, and subscription will be KuCoin Thailand, a licensed operator subject to Thailand SEC regulation. Krungthai XSpring and SIX Network are further consortium members. The G-token will also be listed on KuCoin’s worldwide platform, pending regulatory clearance, further demonstrating KuCoin’s dedication to promoting financial innovation and the global use of digital assets. Thailand’s Ministry of Finance released the G-Token, also known as the “Government Digital Bond,” as a tokenized Real World Asset (RWA) in accordance with the Public Debt Management Act. Combining the efficiency of blockchain technology with the legitimacy of sovereign bonds, it marks a turning point in public finance innovation. In contrast to cryptocurrencies, G-Tokens are government-backed financial products that provide access and investment opportunities to qualified institutional and retail investors. The Ministry of Finance guarantees principle and interest payments. Many individual investors were previously excluded from government bond markets due to their high minimum investment criteria. By democratizing access to government securities and facilitating widespread involvement via digital platforms, the G-Token eliminates these obstacles. Via the use of blockchain technology, the G-Token also provides increased…
The post KuCoin Partners with Thailand to Support World’s First Tokenized Government Bond (G-Token) appeared on BitcoinEthereumNews.com.
Thailand’s Ministry of Finance launched G-Token, the first publicly sold tokenized government bond venture in history. KuCoin has established a strategic collaboration and consortium agreement with XSpring Digital and KuCoin Thailand in this innovative initiative. Leading global cryptocurrency exchange KuCoin is pleased to announce that it is the first cryptocurrency exchange in the world to support Thailand’s historic G-Token Program. Thailand’s Ministry of Finance launched G-Token, the first publicly sold tokenized government bond venture in history. It is also the country’s first government bond to be listed on a digital asset exchange. KuCoin has established a strategic collaboration and consortium agreement with XSpring Digital and KuCoin Thailand in this innovative initiative. One of the first digital asset exchanges to facilitate the G-Token’s listing, redemption, and subscription will be KuCoin Thailand, a licensed operator subject to Thailand SEC regulation. Krungthai XSpring and SIX Network are further consortium members. The G-token will also be listed on KuCoin’s worldwide platform, pending regulatory clearance, further demonstrating KuCoin’s dedication to promoting financial innovation and the global use of digital assets. Thailand’s Ministry of Finance released the G-Token, also known as the “Government Digital Bond,” as a tokenized Real World Asset (RWA) in accordance with the Public Debt Management Act. Combining the efficiency of blockchain technology with the legitimacy of sovereign bonds, it marks a turning point in public finance innovation. In contrast to cryptocurrencies, G-Tokens are government-backed financial products that provide access and investment opportunities to qualified institutional and retail investors. The Ministry of Finance guarantees principle and interest payments. Many individual investors were previously excluded from government bond markets due to their high minimum investment criteria. By democratizing access to government securities and facilitating widespread involvement via digital platforms, the G-Token eliminates these obstacles. Via the use of blockchain technology, the G-Token also provides increased…
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