TrueMoney Expands Thai Baht TrueMoney (THBT) to Phase 2
Expanding participation to 20,000 users and swap options to 6 currencies to advance programmable payment on a public blockchain
Bangkok, August 18, 2026 – TrueMoney, Southeast Asia’s leading fintech platform under Ascend Money, expands the Thai Baht TrueMoney (THBT) initiative into Phase 2. The new phase will welcome up to 20,000 Thai and international participants to explore the potential of public blockchain technology and payment innovation through real-world usage under the Programmable Payment project within the Bank of Thailand’s Enhanced Regulatory Sandbox, alongside related operations under the Digital Asset Regulatory Sandbox of the Securities and Exchange Commission, Thailand.
Expanding the Pilot to Advance Payment Technology Insights
Following strong user interest in the initial phase of the Thai Baht TrueMoney (THBT) project, which reached its full participant capacity, Thai Baht TrueMoney (THBT) Phase 2 expands the scope of the pilot to further explore interoperability between digital tokens on a public blockchain. Participants will now be able to swap THBT with six tokens referencing U.S. dollar, euro, Singapore dollar, Australian dollar, and Thai baht, enabling broader participation across connected digital ecosystems. The expansion aims to generate further insights into digital asset interoperability.
THBT is a digital value unit referenced to the Thai baht at a 1:1 ratio, developed to explore the application of blockchain technology in programmable payment use cases. Built on a public blockchain, THBT enables transparent, traceable, and auditable transactions while supporting the study of next-generation digital payment innovations. Participants can manage and exchange THBT through the TrueMoney app and use it with participating services, including the purchase of digital discount coupons and the swap of participating digital tokens. Exchange rates are based on the daily market value of the corresponding fiat currencies. These services are provided by Ascend Bit under the Digital Asset Regulatory Sandbox of Securities and Exchange Commission, Thailand.
Mr. Apinand Dabpetch, Managing Director, Ascend Bit and Group Head of Wallet & Growth, TrueMoney, said “Following the positive response to the initial phase of the THBT pilot, we are expanding the programme into Phase 2 to further explore the potential of programmable payments on public blockchain through real-world use cases. By increasing participation and expanding swap options, we aim to deepen our understanding of how digital tokens can interoperate across different digital ecosystems within the relevant regulatory sandbox framework. We believe the insights gained from this expanded pilot will help advance payment innovation and contribute to the development of a more open, transparent, and interoperable digital financial ecosystem for the future.”
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 (Maximum issuance of 10,000 THBT per user per month).
Interested applicants can apply via https://bit.ly/3T4b6Iv or through the TrueMoney app and enjoy offers, including:
Receive 30 THBT when swapping 30 THBT or more for other digital tokens for the first time. [1]
Enjoy up to 50% off digital coupons when paying with THBT on TrueMoney Wallet. [2]
Terms & Conditions:
Limited to 1 reward per user upon their first swap of 100 THBT or more. Offer valid until 31 October 2026.
Terms and conditions apply.
