Thailand has introduced the Blu Green Token, a digital asset backed by carbon credits from mangrove reforestation projects across 15 provinces. The initiative, led by Token X and Siam Commercial Bank, aims to raise up to THB 480 million to fund environmental restoration. The project utilizes Real World Asset tokenization to connect traditional capital markets with climate finance. While the credits are registered with the Thailand Greenhouse Gas Management Organization, details on specific annual carbon yield and the split between forest management and issuance costs remain undisclosed.
