Bangkok: SEC Office accepts Treasury Department's G-Token issuance, opens for feedback from entrepreneurs today, supports fundraising in July-August.
According to Thai News Agency, Dr. Pornanong Busaratrakul, Secretary-General of the SEC, announced that following the Cabinet's approval for the Ministry of Finance to raise funds through the issuance of G-Token, retail investors will have new opportunities to access government fundraising. This initiative is aimed at promoting long-term investment while offering investors the right to receive their principal and returns under specific conditions. The Ministry of Finance has initiated a trial fundraising to address the 2025 budget deficit of 5,000 million baht. Subsequently, the NBTC plans to propose to the Cabinet a focus on retail long-term savings and increasing liquidity in the secondary market. The SEC is set to issue an announcement to gather feedback from relevant business operators starting today, anticipating interest from new-age retail investors in government fundraising.
Ms. Jomkwan Kongsakul, Deputy Secretary-General of the SEC, stated that the Ministry of Finance will issue the G-Token and manage the principal or returns. The tokens will then be made available to retail investors in the primary market through digital asset service providers. Investors without an account or wallet can approach securities companies to express interest in purchasing the government's G-Token. The reservation information will be forwarded to the Ministry of Finance, which will then allocate the G-Tokens to investors. The Ministry of Finance does not need to seek permission from the SEC office to facilitate transfers. The G-Token is set to be registered for trading in the secondary market at the digital asset exchange center, allowing investors to trade or hold until maturity to receive principal and interest. Similar to other debt instruments, trading in the secondary market will be supervised, with warnings issued for significant price fluctuations. The SEC office will ensure close monitoring t o protect investors, enabling them to buy and sell in the secondary market if needed before the due date.
The SEC is committed to promoting technology and innovation within the digital capital market, expanding savings and investment options for the public, and enhancing liquidity for investors. Proper supervision will ensure investor protection, preventing price volatility and abnormal price movements during secondary market trading, with support for fundraising set for July-August.
The SEC Office has also imposed restrictions on using digital assets as a medium of payment (MOP). Current laws prohibit digital asset business operators from advertising, soliciting, or establishing systems and wallets for using digital assets as a payment medium. The transfer of baht between customer accounts and price manipulation or inappropriate price movements are also prohibited, with fair control mechanisms in place for investors.