THB / tokenized government debt
issued by Kingdom of Thailand, via the Public Debt Management Office / Ministry of Finance. unverified
DO NOT TREAT AS BUYABLE. Thai Cabinet approved the principle on 13 May 2025 for an initial THB 5 billion (~USD 150m); three ICO portals were appointed in August 2025 including Token X (SCBX Group); KuCoin was named the first global exchange partner (28 Aug 2025) for technology advisory and secondary trading. But an October 2025 peer-reviewed paper states flatly that 'the G-Token remains in its early rollout stage, with no operational data yet available,' and I found NO source confirming an actual issuance, settlement, blockchain, or coupon. The PDMO director-general has said G-Token is 'not classified as a debt instrument.' I exhausted my web search budget before I could resolve the 2026 status; treat this as an unresolved gap, not a live instrument.