- Thailand’s Finance Ministry launched the G-Token, the first publicly sold tokenized government bonds company in history.
- Kucoin has set up a strategic collaboration and consortium agreement with Xspring Digital and Kucoin Thailand in this innovative initiative.
Leading Global Cryptocurrency -Exchange Kukoin Is pleased to announce that it is the first Cryptocurrency exchange in the world that supports Thailand’s historic G-token program. Thailand’s Finance Ministry launched the G-Token, the first publicly sold tokenized government bonds company in history. It is also the country’s first government bond that is listed on a digital exchange exchange.
Kucoin has set up 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 G-TOven’s list, redemption and subscription will be Kucoin Thailand, a licensed operator subject to Thailand Sec regulation. Krungthai Xspring and Six Network are additional consortium members. The G-token will also be listed on Kucoin’s worldwide platform, pending regulatory approval, which further shows Kucoin’s commitment to promoting economic innovation and the global use of digital assets.
Thailand’s Finance Ministry released the G-Token, also known as “Government Digital Bond”, as a tokenized real world asset (RWA) in accordance with the Public Debt Management Act. By combining the efficiency of blockchain technology with the legitimacy of sovereign bonds, it marks a turning point in public finance innovation. Contrary to cryptocorate, the G-token’s state support for financial products that provides access and investment opportunities for qualified institutional and retail investors. The Ministry of Finance guarantees principle and interest payments.
Many individual investors are previously excluded from government bond markets due to their high minimum investment criteria. By democratizing access to state securities and facilitating widespread commitment via digital platforms, the G token eliminates these obstacles.
Through the use of blockchain technology, the G token also provides increased liquidity through secondary market trade, efficiency improvements by reducing operating costs and streamlining emission processes and openness and trust through unchanging, verifiable data.
Thailand has taken the most wavy step into digital funding with this effort, which is an example for other countries that are considering integrating blockchain technology into the government debt markets.
To improve the liquidity and spearhead, the development of G-Tokken applications, Kucoin Thailand, which has a SEC license, will cooperate with Kucoin to provide technical advice for the entire G-token program and serve as the main operator for important secondary market transactions. In addition, Kucoin will integrate Thailand’s financial innovation with worldwide capital markets by providing strategic advice on foreign market growth.
BC Wong, CEO of Kucoin, said:
“Kucoin has always been involved in bridgeing traditional financing with the crypto world through safe and innovative solutions. Supporting Thailand’s finance ministry and Xspring on the world’s first superb tokenized bonds shows our leadership in RWA envision.
Thailand is undoubtedly at the forefront of digital funding in Southeast Asia thanks to the G-token initiative, which shows how blockchain technology can revolutionize established markets while maintaining legal requirements and investor security.
