Thailand Tokenizes $150M Worth of Government Bonds for Retail Investors
Thailand’s $150M digital bond move sparks global buzz

Thailand is shaking up traditional finance with a bold leap into digital assets. The Ministry of Finance is set to release $150 million worth of digital investment tokens—known as “G-tokens”—giving everyday Thai citizens access to government bonds for as little as $3.
Announced by Finance Minister Pichai Chunhavajira and confirmed by the Public Debt Management Office, this initiative marks a major shift in retail investor access. The move follows the cabinet’s recent approval and aims to roll out the tokens within two months.
Historically, investment in government securities has been reserved for wealthy individuals and institutional players. The introduction of G-tokens levels the playing field, letting small investors participate in the digital economy. While these tokens are not classified as debt instruments or cryptocurrencies, they will be tradable on licensed digital asset exchanges—though these platforms remain inaccessible to foreigners living in Thailand.
One major appeal of the G-tokens is their potential for higher returns compared to local bank savings rates, which hover around just 1.25% annually. Although exact yields haven’t been disclosed, officials hope the attractive entry point and higher returns will lure new investors.
This development also reflects a broader trend. Globally, tokenized bonds have doubled in 2025 to reach $225 million, according to RWA.xyz. Tokenized U.S. treasuries alone have jumped 73% this year to $6.9 billion.
Thailand’s push toward tokenized public debt follows its February announcement to build a digital securities trading system for institutional investors. The G-token program is not just a financial tool—it’s a digital doorway to democratizing government investments for a new generation.
With interest growing worldwide in real-world asset tokenization, Thailand’s experiment could set a new standard in Southeast Asia’s financial transformation.