The Bank of Thailand (BOT) has successfully launcheda new platform leveraging Blockchain Technology for Government Savings Bond issuance. It aimsto enhance investors’ buying experience, improve operational efficiency and reduce overall cost. Fifty billion baht of government savings bonds have been sold out in a week.
DLT Scripless Bond Project has applied Blockchain Technologyto developa secure and efficient government bond infrastructure. It is a collaborative effort among eight institutions, which are BOT, Public Debt Management Office, Thailand Securities Depository Co., Ltd, Thai Bond Market Association and selling-agent banks, including Bangkok Bank, Krungthai Bank, Kasikorn Bank, and Siam Commercial Bank.
The new infrastructure successfullywent live by supporting Government Savings Bonds: “1 Baht Bond” and “Moving Forward”. The totalissuance of 50 billion THBhas completely allocated to the investors sooner than expected.
The investors would benefit fromreceiving bonds fasterand purchasing bonds up to the individual quota from a single bank. The project would also help service providers toreduce operational complexityandlower the overall cost of bond issuance.
In the next phase, the infrastructure will expand to support all differentgovernment bonds, both retail and wholesale,to fullyserved demand of allstakeholders.
Bank of Thailand
11 September 2020
For more information : Payment and Bond Department
Tel : 0 2283 7665, 0 2283 5083
E-mail :
DLT-Scripless-Bond@bot.or.th
WatchDLT Scripless Bond video here:
https://www.bot.or.th/English/DebtSecurities/Pages/default.aspx