Thailand Goes All-In on Digital Assets: SCB10X’s New CEO and G-Token Launch Signal Web3 Ambitions

🇹🇭 Thailand Bets on Digital Assets — and It’s Getting Serious

Thailand’s not just flirting with crypto anymore — it’s marrying it.

With a government-backed token drop and a new crypto-savvy CEO at SCB10X, the country is making a high-conviction play: AI + Crypto = The Future of Finance.

🧠 SCB10X’s New Boss Is Betting on Hybrid Tech

Meet Kaweewut Temphuwapat, freshly minted CEO of SCB10X — the venture arm of Thailand’s oldest bank, SCB.

His agenda?

“We’re going deep into AI. And crypto. Especially AI + crypto,” he told CoinDesk.

SCB10X isn’t new to this game — they were early backers of Ripple, long before XRP was a buzzword. And SCB has already been using Ripple’s tech in its mobile app for years.

Now, Temphuwapat is ready to go bigger.

🌏 Asia Rising, America Regulating

The U.S. is still stuck in SEC vs. everyone mode. But Asia? It’s heating up.

Temphuwapat sees capital rotation coming East as the U.S. regulatory fog starts to clear.

Thailand is ready, with:

• ✅ Progressive digital asset laws
• 🏦 Bank-regulated sandboxes
• 💼 VC firms that actually invest in crypto

He even floated the idea of banks holding crypto directly on their balance sheets. Slowly, legally — but inevitably.

🪙 G-Token: The World’s First Government-Issued Digital Bond

On May 13, Thailand dropped a Web3 bombshell:

G-Token — a state-issued, blockchain-powered fundraising token.

Launching July 25, the 150M raise will be distributed via licensed ICO portals. It’s not public debt. It’s not a stablecoin. It’s something entirely new.

Here’s how it works:

• 🎯 For licensed digital wallet holders only
• ⛓ Governed by smart contracts, not politics
• 🛑 Can’t be used as money or traded like crypto

“It’s not a debt instrument,” said the SEC. Translation: It’s testnet state finance.

💥 Thailand Wants to Be the Web3 Capital of Asia — But There’s a Catch

The vibes are bullish:

• Binance, KuCoin, and Upbit are all in
• Local giant Bitkub leads with 44.5M daily volume
• Crypto conferences and TON meetups are popping up monthly

But here’s the friction:

• Foreigners can’t open trading accounts
• Tourists still can’t pay with crypto — even after a pilot was announced
• The country calls itself a digital nomad hub, but the rules haven’t caught up

Web3 is growing fast — but the on-ramps? Still under construction.

🧠 TL;DR: Thailand’s Crypto Pivot Has Teeth

• 🧑‍💼 SCB10X gets a new CEO doubling down on AI + crypto
• 🌊 Ripple was just the beginning — banks may soon hold digital assets directly
• 🪙 G-Token = the world’s first state-issued blockchain fundraising token
• 🌐 Thailand’s regulation is miles ahead — but tourists still locked out
• 🚀 Thailand wants to lead Web3 in Asia — now it just has to scale it

The AI-Crypto axis is forming. And Thailand wants to be the launchpad.