XSpring Digital has been appointed by Thailand’s Ministry ofFinance as the official ICO Portal for the launch of theGovernment Token (G Token) — the world’s first government-issued fundraising token on blockchain. The move marks awatershed moment for Thailand’s capital markets, positioning thecountry as a regional front-runner in sovereign digital fundraising.The G Token initiative, scheduled for fiscal years 2025-2026, willbe the first time a government deploys blockchain as the primarymechanism for raising funds from the public. XSpring Digital saidthe appointment underscores both its technology capabilities andgovernance standards, while reinforcing its role in drivingThailand’s financial system toward greater transparency,auditability, and global competitiveness.”XSpring Digital is committed to setting new benchmarks fordigital asset investment,” said Tanasak Krishnasreni, DeputyChief Executive Officer, XSpring Digital Co., Ltd. “The G Token
will be a secure, transparent, and verifiable fundraising processthat builds investor confidence and sets the stage for sustainabledigital fundraising in Thailand.”The appointment comes as the global digital economyaccelerates. According to Thailand’s Ministry of Digital Economyand Society, the sector is valued at USD 16 trillion, or 15% ofglobal GDP, and is expanding 6-7% annually. Thailand’s digitaleconomy currently represents just 0.94% of that total, worth aboutUSD 150 billion, but is growing at 7.3% — faster than the globalaverage. XSpring Digital expects blockchain and tokenization tobecome the backbone of capital markets, enabling more efficientfundraising and broader investor participation.Research from the World Bank suggests that digital financeadoption can add 2-3% to GDP annually. Against this backdrop,the G Token is being positioned as a new fundraising standardthat could tap into a fast-growing pool of digital-native investorswith combined purchasing power exceeding THB 2 trillion.XSpring Digital believes this investor base will be key in drivingThailand’s ambition to become a regional and potentially globalleader in digital finance.To support the rollout, XSpring Digital has formed a consortiumwith partners including SIX Network, Krungthai XSpringSecurities, KuCoin Thailand, and KuCoin Global. The alliancecombines domestic and international expertise in blockchain andcapital markets to deliver a project the company says will meetworld-class standards and create long-term benefits for Thailand’seconomy.