In brief
- KuCoin says it will become the first global exchange to support Thailand’s G-Token program, beating other major exchanges to the punch.
- In May, Thailand approved the world’s first publicly offered tokenized government bond worth 5 billion baht (US$153 million).
- KuCoin says the G-Token initiative could serve as a template for other governments exploring tokenized sovereign debt.
Thailand’s Ministry of Finance has tapped KuCoin as the first international crypto exchange to join a consortium supporting its G-Token initiative, the world’s first publicly offered tokenized government bond.
KuCoin Thailand, the exchange’s locally regulated arm, will handle subscriptions, redemptions, and listings alongside partners XSpring Digital, SIX Network, and Krungthai XSpring.
The bonds will initially be listed on licensed domestic exchanges, with the potential for a listing on KuCoin’s global platform, pending regulatory approval.
The initial issuance amounts to 5 billion baht (US$153 million), with the program aimed at widening retail investor access to sov
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Author: Vismaya V
