Thailand’s Ministry of Finance is set to issue 5 billion Baht ($ 150 million) of its digital investment token – g -Token, to raise funds from the public, said Finance Minister Pichai Chunhavajira at a briefing on Tuesday.

This story was originally reported by Bloomberg.

The message came after the cabinet approved the new token initiative and is part of the current budget loan plan. The first 5 billion baht is meant to “test the market”, Chunhavajira added.

The decision follows the former prime minister in the country Thaksin Shinawatra’s request for the nation to consider issuing stablecoins supported by government bonds earlier this year.

“Investors can invest with a small amount of cash for the new tokens,” said Chunhavajira at briefing. “Investors will earn higher returns than banks’ deposits.”

Banks in Thailand are currently offering 12-month deposit rates between 1.25% and 1.5% below the country’s central bank, political rate of 1.75% according to Bloomberg.

Thailand has made progress to expand its crypto approach. Last year, the nation introduced a tax exemption for crypto earnings, and its securities and exchange commission recently added Stableecoin’s USDC and USDT to its list of approved cryptocurrencies for trade in digital exchanges.

Coindesk reached a comment.