🇹🇭 Thailand Goes Full Digital with G-Token and Securities Law Overhaul

Thailand just became the first country to legalize fully digital securities and government-issued tokenized bonds — and it's doing it fast.

🏛️ Full Legal Greenlight for G-Token

Thailand’s Cabinet has approved a sweeping set of amendments to four major financial laws, paving the way for fully electronic securities, smart contracts, and digital bonds. The center of it all? A new government-backed digital asset: G-Token.

📜 Reformed laws:

• Securities and Exchange Act
• Futures Trading Act
• Trust for Capital Market Transactions Act
• Emergency Decree on Digital Asset Businesses

These changes enable end-to-end paperless fundraising, automated collateral, and secondary trading of tokenized securities — all aligned with global digital finance standards.

💸 G-Token = The World’s First Government-Issued Tokenized Bond

The Thai Public Debt Management Office (PDMO) will issue 5 billion baht worth of G-Tokens to cover the 2025 fiscal deficit. These aren’t your average bonds — they’ll be issued, traded, and held 100% digitally, with secondary market support and blockchain verification.

“This is a pivotal moment for Thailand’s financial system.” — Dr. Pornanong Budsaratragoon, SEC Secretary-General

G-Tokens are expected to launch by August 2025, according to Bitkub’s Chief Product Officer.

📲 From Paper to Tokens: What Changes Now

Once ratified, the new laws will:

• Enable fully electronic securities issuance and transfers
• Allow collateral and asset management via smart contracts
• Remove all paper certificates from the system
• Lower transaction fees and barriers for retail investors
• Let government and private players raise funds via tokens

This is paired with the Electronic Securities Bill, also passed in June, giving legal weight to digital tokens and making them official records of ownership.

🧠 Digital Finance with Real Guardrails

Not just innovation — also regulation:

• New fee structures for licensed platforms
• Stronger penalties for violations
• SEC powers expanded for deeper investigations
• Whistleblower and witness protection

Despite early fears of overregulation, insiders now say clear rules build trust and attract investors.

“It’s not about control — it’s about confidence.” — Pongsakorn Sutantayawalee, Bitkub

🏦 G-Token + Digital Baht = A Fully Tokenized Economy?

The G-Token isn’t Thailand’s only move. The country is also preparing for the launch of its Digital Baht CBDC, meaning that by late 2025:

• Citizens could hold digital baht
• Invest in digital government bonds
• Trade tokenized securities — all in a single ecosystem

This isn’t just reform — it’s infrastructure for a next-gen financial system.

TL;DR

Thailand has legalized fully digital securities and is launching the world’s first government-issued tokenized bond — the G-Token. Backed by four newly amended financial laws, this move aims to make capital markets cheaper, more inclusive, and 100% digital by 2025.