Thailand Launches G-Token, Its First Digital Investment Token
Thailand's Finance Ministry is introducing a novel digital investment token, the G-Token. The ministry aims to raise around $150 million from the public within the next two months through this initial issuance.
The G-Token is a pioneering fundraising mechanism, serving as an investment token rather than a debt instrument. It is part of the current budget plan and will be used to gauge market interest in this new type of digital investment offering.
Investors can acquire G-Tokens with a small amount of cash. This investment opportunity promises potentially higher returns than traditional us bank deposits. The Bank of Thailand, Thailand's central bank and regulatory authority for financial services, will oversee the compliance of digital investment tokens like the G-Token.
The G-Token's initial issuance of $150 million is a market test for this innovative digital investment offering. If successful, it could pave the way for similar fundraising mechanisms in the future.
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