Last week Thailand’s Finance Minister Pichai Chunhavajira said the government plans to issue Baht 5 billion ($148m) in government bonds directly to the public by the end of the fiscal year (September 30). The initial issuance will be treated as a sandbox project and tradable on a digital bond platform, perhaps the one announced earlier this month by the SEC.
“We will enable retail investors to participate, regardless of their financial standing,” said Minister Pichai, according to The Nation. “They can invest any amount, buying and selling directly on the platform, bypassing traditional bank counters. Numerous platforms are available, and with private sector involvement, we anticipate lower management costs, enabling investments from as little as 1,000 baht.”
However, this isn’t the first time the Public Debt Management Office has used blockchain. Five years ago it ran a far smaller pilot of around $6 million using the KTB wallet of State owned Krunghthai Bank.
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