Central Bank Digital Currency,

Tokenization &
Emerging Payment Technologies

 

The Bank of Thailand explores and tests new financial innovations to modernize the national payment infrastructures. Our work provides insights into the technical, legal, and governance foundation for the future economy through three core focus areas: central bank digital currency, tokenization ecosystem and emerging payment-related technologies. Through rigorous testing, the Bank of Thailand generate the concrete insights required to build a more efficient, interconnected, and resilient financial system.

    

 

Central Bank Digital Currency (CBDC) - The Foundation

Pioneering digital fiat infrastructure. The Bank of Thailand is among the first central banks to actively research and test Central Bank Digital Currency (CBDC). Recognizing how digitization is revolutionizing the economy, the Bank of Thailand explores these innovations to strengthen our national payment infrastructure, improving the efficiency of payments between financial institutions through Wholesale CBDC and evaluating public access to digital currency through Retail CBDC.

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CBDC Page
CBDC image

Tokenization – The Next-generation Monetary and Financial System

Transforming the future of finance. The Bank of Thailand recognizes the growing impact of tokenization and Distributed Ledger Technology (DLT), which are rapidly reshaping financial innovation. To support the development of tokenization-based financial innovation, the Bank of Thailand continuously researches and develops foundational digital financial infrastructure. This includes technology-agnostic interoperability mechanisms that allow tokenized payment systems to transact with one another, preventing fragmentation and enabling seamless, secure transactions between payment systems built on traditional technology and those built on DLT.

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Tokenization page
tokenization_diagram

Emerging Payment Technologies - The Frontier

Exploring the frontier of financial innovation. The Bank of Thailand continuously evaluates new payment technologies to enhance payment systems and safeguard infrastructure against future risks, starting with migrating data encryption in IT systems to Post-Quantum Cryptography (PQC).

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Emerging Payment Technologies Page
pqc image

News and media

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Retail CBDC Pilot Program – Conclusion Report

11 Apr 2024

Progress of Retail CBDC Development

5 Aug 2022

Findings from Project Inthanon-LionRock Phase 2 and Next Steps

28 Sep 2021

Retail CBDC: Implications on Monetary Policy and Financial Stability in Thailand

19 Aug 2021
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Contact Us: 

Payment Systems and Financial Technology Policy Department

Email: FinTechDept@bot.or.th
Tel: +66 2356 7077, +66 2356 7079

Read more about the Thai Financial Landscape

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