Thailand to Issue G-Tokens for Public Fundraising – Coincu
The post Thailand to Issue G-Tokens for Public Fundraising – Coincu appeared on BitcoinEthereumNews.com. Key Points: Thailand to issue 5 billion baht in digital tokens to raise funds. Tokens offer returns higher than traditional deposits. SEC involved in managing blockchain ecosystem. Thailand to Issue G-Tokens for Public Fundraising Thailand’s Finance Ministry announced its intention to issue digital investment tokens worth 5 billion baht ($150 million) in Bangkok as part of a public fundraising strategy. This move signifies a pivotal step in Thailand’s financial modernization, aiming to enhance access to state investments and returns. Thailand’s Finance Ministry, led by Minister Pichai Chunhavajira, plans to issue digital investment tokens called G-Tokens, valued at 5 billion baht. Approved by the cabinet, this initiative allows public participation with smaller amounts, providing higher returns than traditional banking options. The G-Tokens will be issued within two months under Thailand’s budget borrowing plan, designed to raise funds directly from the public while offering better returns than traditional bank deposits. — Pichai Chunhavajira, Finance Minister of Thailand G-Tokens, issued under Thailand’s budget borrowing plan, mark a significant shift in the government’s fundraising approach. Interest rates are projected to surpass current bank deposit rates. The government sees this as a test phase, with possible expansion based on market demand. Market responses indicate a cautious optimism, anticipating increased liquidity and accessibility in Thailand’s financial system. Notable support from Thailand’s SEC underscores the regulatory readiness and potential boost to public sector financing. Blockchain Technology as a Regional Fintech Trendsetter Did you know? Thailand has progressively embraced blockchain finance, launching a digital token trading platform for multi-chain interoperability, signaling ongoing innovation across Asia. Thailand’s move to issue G-Tokens aligns with a broader regional shift toward utilizing blockchain technology in finance. Historical trends suggest that digital assets could become a central part of public financing models, with other nations likely to observe Thailand’s outcomes closely. Greater integration…
The post Thailand to Issue G-Tokens for Public Fundraising – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Thailand to issue 5 billion baht in digital tokens to raise funds. Tokens offer returns higher than traditional deposits. SEC involved in managing blockchain ecosystem. Thailand to Issue G-Tokens for Public Fundraising Thailand’s Finance Ministry announced its intention to issue digital investment tokens worth 5 billion baht ($150 million) in Bangkok as part of a public fundraising strategy. This move signifies a pivotal step in Thailand’s financial modernization, aiming to enhance access to state investments and returns. Thailand’s Finance Ministry, led by Minister Pichai Chunhavajira, plans to issue digital investment tokens called G-Tokens, valued at 5 billion baht. Approved by the cabinet, this initiative allows public participation with smaller amounts, providing higher returns than traditional banking options. The G-Tokens will be issued within two months under Thailand’s budget borrowing plan, designed to raise funds directly from the public while offering better returns than traditional bank deposits. — Pichai Chunhavajira, Finance Minister of Thailand G-Tokens, issued under Thailand’s budget borrowing plan, mark a significant shift in the government’s fundraising approach. Interest rates are projected to surpass current bank deposit rates. The government sees this as a test phase, with possible expansion based on market demand. Market responses indicate a cautious optimism, anticipating increased liquidity and accessibility in Thailand’s financial system. Notable support from Thailand’s SEC underscores the regulatory readiness and potential boost to public sector financing. Blockchain Technology as a Regional Fintech Trendsetter Did you know? Thailand has progressively embraced blockchain finance, launching a digital token trading platform for multi-chain interoperability, signaling ongoing innovation across Asia. Thailand’s move to issue G-Tokens aligns with a broader regional shift toward utilizing blockchain technology in finance. Historical trends suggest that digital assets could become a central part of public financing models, with other nations likely to observe Thailand’s outcomes closely. Greater integration…
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