Thai Banks Launch 480 Million Baht Carbon Token Pilot
Thai financial institutions issued 400 million digital tokens to finance mangrove restoration, creating a new market for verified carbon credits.
Thai banks issued 400 million carbon credit tokens worth 480 million baht. This pilot project links digital assets to physical mangrove restoration. The move aims to create a verifiable market for green finance before mandatory regulations arrive.
The initiative involves major financial groups and international bodies. It tests the viability of blockchain in tracking environmental impact. The goal is to lower costs and increase transparency for investors.
SCB Launches Mangrove Token Offering
Siam Commercial Bank issued Blu Green Tokens via its Token X platform. Each token costs 1.20 baht. The offering raised over 480 million baht in July. The assets are linked to a 70,000-rai mangrove project.
The project covers 400,000 tonnes of carbon credits. Investors receive a share of future credit sales. A protection mechanism guarantees principal plus 3% annual returns if credits fail to sell. This structure reduces risk for retail participants.
KBank Builds Digital Carbon Rails
Kasikornbank launched a pilot using its Orbix arm. It converted T-VER forestry credits into digital tokens. The project covers 90,000 rai of forest. It supports 11,000 community members. The system prevents double counting of credits.
The bank argues digital infrastructure lowers entry barriers. It automates settlement and reduces administrative friction. Dr. Wichai Narongwanich stated blockchain preserves trust rather than creating it. Weak data remains weak even when tokenized.
Ground Truth Remains Critical
Veolia warned that digital records do not guarantee physical results. The World Bank is building a global registry for these assets. The focus is on verifying the actual environmental impact. Technology cannot replace rigorous on-site inspection.
