Thailand plans to issue $148 million in tokenized government bonds before October

ChainCatcher news, according to ledgerinsights, Thailand's Finance Minister Pichai Chunhavajira stated that the government plans to directly issue 5 billion baht (148 million USD) in government bonds to the public before the end of the fiscal year (September 30). The initial issuance will be regarded as a sandbox project and can be traded on a digital bond platform.

The minister said, "We will allow retail investors to participate, regardless of their financial situation. They can invest any amount and trade directly on the platform, bypassing traditional bank counters. There are currently many platforms available, and with private sector participation, we expect management costs to decrease, with a minimum investment amount of 1,000 baht."

In addition, the minister mentioned that the government is considering merging the Securities Act with the Digital Assets Act.