Thailand to Tokenise $150M in Government Bonds for Retail Investors
Fhumulani Lukoto
- 2 min read
Key Takeaways
Democratising Bond Investment:
The initiative allows retail investors to buy government bonds starting from as little as 1,000 baht, lowering the entry barrier and expanding access to public investment opportunities.
Blockchain-Based Distribution:
By leveraging digital platforms and tokenisation, the government aims to streamline bond issuance and trading, reduce costs, and improve liquidity and transparency in the bond market.
Strategic Financial Modernisation:
The move, endorsed by the Thai cabinet, is part of a broader push to modernise the country’s financial infrastructure. The tokenised bonds are expected to launch within two months, under close regulatory oversight.
Thailand is set to revolutionise its financial landscape by issuing 5 billion baht (approximately $150 million) in tokenised government bonds.
Overview
According to a May 13 2025, report by the Bangkok Post, Finance Minister Pichai Chunhavajira revealed the initiative during a briefing following the cabinet’s approval of the plan. He revealed that the tokens will be launched within the next two months.
This initiative aims to democratise bond investments, making them accessible to a broader range of investors through digital platforms. Chunhajira said, “One big selling point of the token is that it allows more retail investors to become part of the digital economy, for as little as $3, they can invest in government bonds.”
A New Era of Bond Investment
Finance Minister Chunhavajira announced that the government plans to launch a pilot program issuing tokenised bonds worth 5 billion baht. These bonds will be available for purchase and trading on dedicated digital platforms, eliminating the need for traditional bank intermediaries.
Investors can participate with amounts as low as 1,000 baht, significantly lowering the barrier to entry for retail investors. This move is part of a broader strategy to modernise Thailand’s financial system and enhance market liquidity.
Enhancing Financial Inclusion and Market Efficiency
The tokenisation of government bonds is expected to bring several benefits:
- Increased Accessibility: By allowing investments starting from 1,000 baht, a broader population can participate in government bond investments.
- Improved Liquidity: Digital platforms facilitate easier buying and selling of bonds, potentially leading to more active trading and better price discovery.
- Cost Reduction: Eliminating intermediaries and leveraging blockchain technology can reduce operational costs associated with bond issuance and trading.
This initiative aligns with Thailand’s ongoing efforts to integrate digital assets into its financial ecosystem, including developing a stablecoin backed by government bonds.
Regulatory Considerations and Future Outlook
The pilot program will operate within a regulatory sandbox, allowing authorities to assess its viability and impact. The Ministry of Finance is also considering merging the Securities Act and the Digital Assets Act to streamline regulatory oversight for digital financial instruments.
This initiative could lead to the broader adoption of digital financial products in Thailand, positioning the country as a regional leader in financial innovation.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.