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KuCoin said on August 27 it became the first crypto exchange to support Thailand’s G‑Token, a new government digital bond. The exchange announced support today, calling G‑Token the world’s first publicly offered tokenized government bond issued by the Ministry of Finance. Decrypt reported move as KuCoin’s global platform eyes a listing, subject to approval.
KuCoin shared update that it formed a consortium with XSpring Digital, SIX Network and Krungthai XSpring, while KuCoin Thailand, regulated by the Thai SEC, will run subscriptions, redemptions and listings. “Supporting Thailand’s Ministry of Finance … demonstrates our leadership in RWA adoption,” said BC Wong, CEO of KuCoin, in the statement.
Tokenization turns bond rights into digital tokens on a blockchain. It can lower costs, speed up sales, and allow smaller minimum buys. For governments, it may open debt markets to more people and improve transparency. For investors, it may make trading easier after launch while keeping the bond’s legal terms.
