According to the agency, the first international cryptocurrency exchange, which was selected to join the consortium of companies that ensure the release and circulation of Thailand tokenized debt securities, became the local regulated division of the Kucoin Thailand exchange.
The digital platform will be engaged in subscriptions, repayments and leaflets along with partners Xspring Digital, Six Network and Kruungthai Xspring.
The MOS specified that the initially tokenized G-Token bonds in the amount of 5 billion BAT ($ 153 million) will be quoted on internal licensed crypto-rinses with the possibility of leaflet on the Kucoin global platform, provided that regulators are approved.
The project is regulated by the Thailand securities and exchanges (SECs) commission and is aimed at digitalizing traditional financial instruments and expanding the access of retail investors to sovereign debt.
Earlier, the Thai government announced the launch of the TouristDigipay program, which will allow foreign tourists to convert cryptocurrencies to Thai BAT for online payments.
Source: Bits
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