TrueMoney and Fireblocks Bring Web3 Payments to Real-World Use Cases in Thailand
Bangkok, September 15, 2026 – TrueMoney, Southeast Asia’s leading fintech platform under Ascend Money, today announced its collaboration with digital asset infrastructure provider Fireblocks, which has secured over $16 trillion of digital asset transfers and created over 750 million wallets, to power the embedded wallet solution for Thai Baht TrueMoney (THBT) Phase 2, making blockchain-based payment services easier and more accessible for both Thai and international users.
THBT is a Thai Baht-referenced digital value unit designed to explore programmable payments on a blockchain under the Bank of Thailand's Enhanced Regulatory Sandbox.
Bringing Web3 Payments to Everyday Users
While traditional self-custody wallets are often too complex for mainstream consumers, TrueMoney is bridging the gap by leveraging Fireblocks’ embedded wallets directly into the TrueMoney app. THBT Phase 2 delivers a seamless, intuitive experience backed by institutional-grade security. Users can set up and manage wallets effortlessly, with a secure assisted recovery process if credentials are lost—effectively removing the burden of private key management so users can simply enjoy everyday blockchain-powered payments.
Expanding Real-World Use Cases
THBT is built for real-world utility. Participants can use THBT to purchase digital coupons via the THBTStore or swap it with 6 supported digital assets - services operated by Ascend Bit, TrueMoney's partner, under the Thai Securities and Exchange Commission (Thai SEC)'s Digital Asset Regulatory Sandbox.
For international users, the solution creates an equally seamless bridge: tourists and expats holding supported digital assets can instantly swap them for THBT. This enables them to purchase digital coupons or withdraw THBT into Thai Baht for everyday transactions across TrueMoney’s extensive ecosystem.
Mr. Apinand Dabpetch, Managing Director of Ascend Bit and Group Head of Wallet & Growth, TrueMoney, said:
"At TrueMoney, we believe that security, trust, and regulatory compliance are at the heart of blockchain-based financial solutions. Through this collaboration, we are delivering a seamless THBT experience on the TrueMoney app, powered by Fireblocks' institutional-grade digital asset wallet infrastructure. This enables us to make digital assets more accessible without compromising on security, giving both Thai and international users greater confidence to experience the real-world benefits of digital assets and programmable payments."
Mr. Ran Goldi, SVP Payments and Network, Fireblocks, said:
“Users don't want to think about Web3 — they just want things to work. That's the thinking behind THBT. By leveraging Fireblocks, TrueMoney provides its users with enterprise-grade money movement without ever touching a seed phrase or worrying about losing a private key — the complexity is handled, and all people see is a payment that clears instantly. And that's exactly what 'crypto-inside' is supposed to look like: the infrastructure disappears, and the business owns the experience end-to-end.”
Explore THBT Phase 2 with Exclusive Benefits
Thai Baht TrueMoney (THBT) Phase 2 is now open for applications through 31 December 2026. The expanded pilot welcomes up to 20,000 Thai and international participants. Eligible users can apply via https://bit.ly/3T4b6Iv or through the TrueMoney app and enjoy exclusive offers, including:
Receive 30 THBT when making their first THBT swap transaction of 30 THBT or more1.
Enjoy up to 50% off digital coupons when paying with THBT through THBTStore.²
Terms & Conditions
Limited to one reward per user upon their first exchange of 30 THBT or more. Offer valid through 31 October 2026.
Terms and conditions apply.
