Thailand's capital market has marked a new milestone in sustainable finance after the country's first environmental investment token, Blu Green Token (BLU), completed its initial offering and began trading on the secondary market yesterday, paving the way for broader adoption of tokenised real-world assets (RWAs) linked to environmental projects.The token, issued by Siam TC Technology (STCT), a subsidiary of Ditto (Thailand) (Ditto), mobilised 480 million baht through the offering of all 400 million tokens at 1.20 baht apiece during its offering from July 3-13.
The issuance was conducted through Token X, an initial coin offering portal licensed by the Securities and Exchange Commission (SEC).
BLU is Thailand's first digital investment token backed by mangrove forest carbon credits, with proceeds earmarked to finance mangrove restoration projects that generate carbon credits on a commercial basis.
The token began trading on Bitkub's digital asset exchange on July 20, allowing investors to buy and sell the tokens in the secondary market. The listing is viewed as a significant step because it provides liquidity, one of the key factors needed for digital investment tokens to gain wider acceptance among both retail and institutional investors.
