On Friday, the Bank of Thailand announced that it successfully sold 50 billion baht ($1.6 billion) in government savings bonds that leverage blockchain technology. The project aims to enable investors to receive bonds faster and reduce the operating costs of bond issuance.
There were two bonds that both targeted retail investors. Five billion baht ($160 million) of 1 Baht bonds were sold in amounts of as little as 100 Baht. This follows a successful trial three months ago using the Krungthai Bank e-wallet.
The second issue was a ‘Moving Forward’ bond, which raised 45 billion Baht ($1.44 billion) and had a 1,000 Baht minimum investment. This latter one involved three additional banks, Bangkok Bank, Kasikorn Bank and Siam Commercial Bank.
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