Thailand’s Public Debt Management Office intends to conduct a small savings bond issue of 200 million baht ($6.43 million) as a trial of blockchain-based savings bonds, the Bangkok Post reported. Usually, the minimum bond face value is 1,000 baht, but with the blockchain bonds, it will be 1 baht, with a minimum initial subscription of 100 baht.
The issue will use state-owned Krungthai Bank’s (KTB) e-wallet. Eventually, it will add additional distribution channels, including bank branches, ATMs and mobile banking.
The ability to issue and trade securities in smaller amounts is a common tokenization benefit because of the lower costs of distribution. Physical documents also make lower denominations inconvenient.
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