Status
PILOT
Thailand
Thailand Digital Thai Baht
According to Bank of Thailand disclosures and linked sources, this profile records status, architecture, and capability fields for Thailand Digital Thai Baht.
Program Snapshot
Current status fields and timeline data from the profile record.
Type
RETAIL
Program classification
Wallets
Not listed
Annual Volume
Not listed
Status and Timeline
| Field | Value |
|---|---|
| Announced | 2018-01-01 |
| Pilot start | 2022-12-01 |
| Launch | Not listed |
| Last verified | 2026-02-17 |
Availability
- Retail
- pilot
- Wholesale
- pilot
Central Bank
Bank of Thailand
Technical Profile
| Attribute | Value |
|---|---|
| Type | Retail |
| Architecture | two-tier |
| Access model | account based |
| Technology base | dlt |
| Legal tender | pilot only |
Capabilities
offline payments: Yes
programmability: Yes
cross border: Yes
interest bearing: No
transaction limits: Yes
Cross-Border Projects
mBridge
Role: participant
Recent Updates
According to the Bank of Thailand (BOT), Thailand has been exploring CBDC since 2018 with Project Inthanon, a wholesale CBDC initiative using DLT for cash tokenization, decentralized transfers, and bond tokenization. Project Inthanon-LionRock (2020) was a cross-border collaboration with the Hong Kong Monetary Authority. Project Bang Khun Phrom (end-2022 to Q3 2023) was a retail pilot limited to 10,000 participants with mobile app-based identity verification and 1:1 digital baht transfers. The BOT launched the Programmable Payment Sandbox in 2024 (expanded December 24, 2025), a Thai Baht-backed stablecoin sandbox for testing DLT, smart contracts, and condition-based payments. Thailand is a founding participant in Project mBridge since 2021, reaching MVP in mid-2024 alongside China, Hong Kong, and UAE. The government digital wallet scheme (launched August 1, 2024) is separate from BOT's CBDC initiatives. BOT has no immediate plans to issue retail CBDC officially but applies insights to programmable payments and tokenized assets.
Updated: Feb 17, 2026
Frequently Asked Questions
Does Thailand have a CBDC?
According to listed sources, Thailand is developing Thailand Digital Thai Baht, currently in pilot phase.
What is the current status of Thailand's CBDC?
Thailand Digital Thai Baht is in pilot phase as of 2026-02-17.
When did Thailand start CBDC pilot activity?
Pilot activity is listed from 2022-12-01.
How many users or wallets are reported for Thailand's CBDC?
Wallet metrics are not listed in the current dataset.
Is Thailand's CBDC retail, wholesale, or hybrid?
Thailand Digital Thai Baht is categorized as retail.
Which institution manages Thailand Digital Thai Baht?
Thailand Digital Thai Baht is managed by Bank of Thailand.
Related CBDCs
Sources
Sources
Last verified: 2026-02-17
Bank of Thailand CBDC Official Page
central bank
Retail CBDC Pilot Program – Conclusion Report
central bank
Bank of Thailand Concludes Retail CBDC Pilot Programme - Fintech News
news
Project mBridge: Connecting economies through CBDC - BIS Innovation Hub
regulator
Thailand: Bridging Payments and Digital Assets - Regulatory Developments
research