Thailand is making strides towards becoming a leader in digital asset adoption, setting its sights on issuing a new digital investment token worth $150 million in the coming months. Finance Minister Pichai Chunhavajira announced this initiative following the Cabinet’s endorsement of the project. Dubbed the G-Token, this innovative token will be launched through public fundraising as part of a current budget borrowing plan. Despite being marketed as an investment vehicle with potential for higher returns than traditional bank deposits, Finance Ministry officials clarified that it should not be considered a debt instrument. This move comes on the heels of prominent Thai politician Thaksin Shinawatra’s proposal in January urging the country to explore stablecoins backed by government bonds for retail and institutional investors. The G-Token launch has been met with excitement as investors can readily invest in this token with relatively small sums, promising potentially higher returns than current bank deposit rates which have been stagnating at a meager 1.25%-1.5% due to low economic growth.