KuCoin Thailand Partners Historic G-Token Project: Thailand’s First Government Bond On Digital Asset Exchange

     BANGKOK, Thailand – August 27, 2025 – KuCoin Thailand (operated by ERX Company Limited), together with XSpring Digital, Krungthai XSpring, KuCoin Global, and SIX Network, has announced a historic collaboration in the rollout and technology development of Thailand’s G-Token project.

     In partnership with XSpring Digital, one of the licensed ICO portal operators authorized to facilitate the issuance and offering of the G-Token by Thailand’s Ministry of Finance, KuCoin Thailand will serve as a designated digital asset exchange for secondary market trading. This initiative positions Thailand as the first country in the world to adopt this type of financial innovation for fundraising, comparable to government bonds.

     Henry Chen, Authorized Director of KuCoin Thailand, stated, “KuCoin Thailand has always been committed to bridging traditional finance and the crypto world through innovation. Our collaboration with XSpring Digital to support the G-Token by Thailand’s Ministry of Finance exemplifies our dedication to providing both public and private sectors with secure and compliant solutions on a global standard. Our high degree of IT Compliance, Risk Control, and Security Infrastructure ensures KuCoin Thailand is the go-to partner for Global RWA initiatives connecting with traditional finance and global capital markets.” 

     Att Asavanund, Chief Executive Officer of KuCoin Thailand, stated, "We are deeply honored to take part in this historic G-Token project, which allows us to support bringing government-issued G-Tokens to digital asset exchanges as a secondary market. This initiative will not only provide greater efficiency for investors in trading and exchanging G-Tokens, but also enhance their liquidity.”

A Revolutionary Financial Innovation In New Digital Forms

This project marks an important milestone in Thailand’s public financial system, as it enables the general public to more easily access investment and savings opportunities through the use of digital technology in the issuance and management of digital tokens. In addition, the Securities and Exchange Commission (SEC) has issued a new regulation designating G-Token as a new type of digital token, in order to establish an appropriate regulatory framework for the product, ensure fair competition, and provide adequate mechanisms for investor protection.

G-Tokens are a form of digital financial instrument issued by Thailand's Ministry of Finance as part of a government-backed financing initiative. These tokens are essentially digital representations of government debt, similar to traditional bonds, but issued and managed using digital technology. Unlike cryptocurrencies, G-Tokens are targeted at generating investment and savings opportunities. Investors will be entitled to the repayment of their initial investment along with interest, in accordance with terms set out by the Ministry of Finance.

How G-Token Transforms Exclusive Markets to Public Opportunity

The government has leveraged the strengths of digital asset technology through G-Token to enhance economic efficiency on multiple levels, particularly by offering equal access for all citizens to government investment instruments via digital platforms. This approach reduces operational costs for the public sector and enables more efficient processes compared to traditional workflows. 

Blockchain technology enables efficient and liquid secondary markets. Additionally, blockchain ensures transparency and trust with immutable, verifiable data throughout the system. G-Token represents a key milestone in applying digital asset technology to create new opportunities for citizens while strengthening Thailand’s economic infrastructure. 

Thailand As the Innovation Leader and Global Hub for Digital Economy 

This initiative positions Thailand as Southeast Asia's undisputed leader in financial technology innovation. By tokenizing government debt, Thailand demonstrates how blockchain can enhance traditional finance while maintaining regulatory standards and investor protection.

KuCoin Thailand’s Commitment to RWA Tokenization and Democratizing Global Financial Markets with Advanced Blockchain Technology 

This consortium participation exemplifies KuCoin Thailand's evolution and commitment to supporting Thailand's digital transformation while providing world-class financial services. Our collaboration with industry leaders demonstrates the convergence of traditional finance expertise, cutting-edge blockchain technology, and regulatory compliance. 

G-Tokens represent more than technological advancement—they embody Thailand's vision of inclusive financial participation and digital economic sovereignty. Success in this program will establish Thailand as a model for other nations considering blockchain integration in government finance.