Catenaa, Wednesday, September 03, 2025- Thailand’s Ministry of Finance has chosen KuCoin as its first crypto exchange partner to support the launch of G-Tokens, the country’s new program for publicly offered tokenized government securities.
The initiative represents the world’s first government-backed digital bond program accessible to retail investors.
KuCoin Thailand, the exchange’s locally regulated subsidiary, will work with XSpring Digital, SIX Network, and Krungthai XSpring to manage subscription, redemption, and trading processes.
The G-Tokens, issued under Thailand’s Public Debt Management Act, provide principal and interest payments backed 1:1 by the Thai baht. The initial issuance totals 5 billion baht, or roughly $153 million, with minimum investment as low as $3.
Finance Minister Pichai Chunhavajira said the program aims to expand access to government-backed securities, particularly for retail investors, as domestic banking interest rates remain low.
KuCoin’s CEO, BC Wong, highlighted the exchange’s role in bridging traditional finance and crypto while exploring global market opportunities.
The G-Token program follows Thailand’s broader crypto development initiatives, including the launch of Tether Gold tokens and the TouristDigiPay system for foreign visitors. Regulatory measures remain strict, with the Thai SEC taking action against unlicensed exchanges and enforcing compliance protocols.
Officials say the tokenized bond program could eventually be listed internationally once regulatory approvals are obtained, marking a significant step in Thailand’s efforts to integrate blockchain into public finance.
