From CoinTelegraph, May 14:
The Thai government says retail investors will get the chance to buy tokenized government bonds for as little as $3.
Thailand’s Ministry of Finance reportedly plans to issue $150 million worth of digital investment tokens, allowing retail investors to buy government bonds.
The Bangkok Post reported on May 13 that Finance Minister Pichai Chunhavajira announced the initiative at a briefing after the cabinet endorsed the plan. He added that the tokens will be launched within the next two months.
The so-called “G-tokens” will be used to raise funds from the public under the current budget borrowing plan, said Patchara Anuntasilpa, director-general of the Public Debt Management Office. He added that these were not debt instruments.
“One big selling point of the token is that it allows more retail investors to become part of the digital economy,” he said, adding that for as little as $3, “they can invest in government bonds.”
Until recently, retail investors have been limited or excluded from large investment product offerings in Thailand, which are predominantly aimed at institutional and wealthy investors.
Finance Minister Pichai said the initial token mint is designed to “test the market” and investors will earn higher returns than bank deposits, but did not specify yields....
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