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.