<p>Thailand’s public debt management office (PDMO), part of the country’s finance ministry, is set to issue savings bonds to the general public via blockchain.</p> <p>Local media outlet The Nation Thailand <a href="https://www.nationthailand.com/news/30389723?utm_source=homepage&amp;utm_medium=internal_referral">reported</a> the news on Tuesday, saying that PDMO is issuing bonds of 200 million baht (~$6.5 million) with a face value of 1 baht (~$0.030).</p> <p>Blockchain technology has enabled PDMO to set such a low price for bonds, which are usually priced at 1,000 baht (~$32) apiece. “This should enable more people at the grassroots level to buy the government’s saving bonds,” PDMO’s director-general Patricia Mongkhonvanit told The Nation.</p> <p>PDMO will use state-owned Krung Thai Bank’s (KTB’s) blockchain platform and e-wallet to distribute bonds. Mongkhonvanit said the minimum purchase cap is 100 bonds per buyer.</p> <p>The bank’s blockchain platform “will enable people and investors to buy the bonds without coming down to the banks’ branch offices or using ATM machines. All you will need are a KTB account and credit in your e-wallet,” she added.</p> <p>The bank and the finance ministry are expected to announce further details about the bonds at a later date, per the report.</p>