DITTO is making a new milestone in Thailand by launching “Blu Green Token,” backed by carbon credits valued at 1.20 baht per token. A total of 400 million tokens are issued, amounting to 480 million baht, to fund mangrove reforestation projects. The asset backing consists of 400,000 tons of carbon credits, with a mechanism granting initial investment repayment plus a cumulative 3% annual return if the token issuer fails to sell the referenced carbon credits. The token sale and registration on the digital asset exchange center are expected in the third quarter this year.
Mr. Thakorn Rattanakamolporn, CEO of DITTO (Thailand) Public Company Limited, explained that the mangrove reforestation project began through Siam TC Technology Co., Ltd. (STCT), a subsidiary. Having long experience with mangrove museums, STCT gained expertise recognizing mangroves’ excellent carbon absorption capabilities. Combined with the increasing severity of global warming over the past 2-3 years causing many disasters, this knowledge inspired the project.
As a Thai company, DITTO aims to contribute to solving global warming. Moreover, over the past two years, the Department of Marine and Coastal Resources (DMCR) has allowed private participation in mangrove reforestation for carbon credit benefits. Currently, STCT holds rights to manage over 175,196.05 rai of mangrove forest area.
The mangrove reforestation project for carbon credits presents a business opportunity and is expected to be STCT’s new growth curve, providing sustainable long-term revenue. It also helps address global warming and restores coastal ecosystems and community environments to richness. Part of the carbon credit sales revenue will support mangrove conservation and create community livelihoods by employing locals to care for the forests. Thus, this project goes beyond CSR to build sustainability for both mangroves and communities.
Mr. Thakorn added that Thailand’s carbon credit market is currently voluntary but is moving toward mandatory regulation soon, following the enforcement of the Climate Change Act. This law has passed the Cabinet and will be submitted to Parliament. Mandatory regulation is necessary because Thailand must trade with countries where carbon credit compliance is already compulsory. This helps Thai businesses compete internationally and ensures Thai products meet global greenhouse gas emission standards, making the mangrove project important for both climate and trade competitiveness.
When mandatory regulations come into force, demand for carbon credits will increase. Thailand emits about 380 million tons of greenhouse gases annually, while the mangrove project expects to produce only around 1 million tons per year, a small fraction of market demand. Therefore, when demand exceeds supply, carbon credit prices are likely to rise. Additionally, the EU’s Carbon Border Adjustment Mechanism (CBAM) accelerates demand, as do European consumers’ preferences for products that reduce global warming and are environmentally friendly, further boosting carbon credit demand.
Mr. Chaitat Kulkhotwanich, Deputy CEO and Chief Financial Officer of DITTO (Thailand) Public Company Limited, said that STCT, holding rights to manage over 170,000 rai of mangrove forest for 30 years, has allocated 17,531.04 rai over 7 years as a reference project for issuing and offering digital tokens. This will be Thailand’s first environmental conservation digital token project, backed by carbon credits from that forest area totaling 400,000 tons.
A key feature of this project is risk management regarding volume. The 17,531.04 rai mangrove area is expected to produce more than 1 million tons of carbon credits over 7 years, with STCT using 400,000 tons as the reference for the digital token project and reserving the remainder for unforeseen circumstances. Token holders will receive returns from carbon credit sales or a cumulative 3% annual return plus the initial investment refund if the issuer cannot sell the referenced credits.
Why Blu Green Token? Mr. Chaitat explained that carbon credits from mangroves absorb over 10 times more carbon than terrestrial forests. They also preserve ecosystems, reduce coastal erosion, and support rich aquatic habitats. Healthy mangroves enable local livelihoods such as traditional fishing, improving community well-being. Because of these qualities, mangrove carbon credits are classified as Blue Carbon. The term “Blu” is a marketing choice, while “Green Token” refers to environmental digital tokens. Investing in Blu Green Token means supporting communities and environmental conservation simultaneously.
Mr. Chaitat added that Blu Green Token is scheduled for subscription opening and registration on the Digital Asset Exchange in the third quarter this year. Once listed, trading can occur 24 hours daily.
"To assure investors, we confirm that DITTO is the major shareholder of STCT, the digital token issuer, and is publicly listed with last year’s revenue exceeding 3 billion baht and net profit around 600 million baht. The company has minimal debt, strong project backlog, and solid cash status, ensuring financial support for STCT as needed in case of unforeseen events affecting the token project," Mr. Chaitat said.
Mr. Wanrop Boontham, Chief Investment Officer of Token X Co., Ltd., the digital token offering system provider (ICO Portal), said Blu Green Token is an excellent example of combining environmental projects with tokenization to create a Real-World Assets (RWA) token backed by real assets or projects issued by a credible company. Importantly, raised funds are dedicated to green projects addressing global climate change, which will affect human well-being in the future.
Blu Green Token represents an innovation in green financing as an investment token under sustainable digital token regulations by the Securities and Exchange Commission (SEC). The regulatory framework incorporates international green financing standards. Blu Green Token has already received SEC approval to issue and offer the tokens.
This marks the beginning of regional green financing innovation, not only applying blockchain technology to beneficial projects but also designing fundraising structures tailored to business models, balancing return opportunities with investor protection mechanisms. Blu Green Token allows investors to participate in mangrove restoration with unlimited upside potential based on future carbon credit market conditions, referencing 400,000 tons of net carbon credit sales starting from the project’s fifth year. It also includes safeguards for initial investment plus a cumulative 3% annual return, as previously mentioned.
"We believe Blu Green Token will elevate digital assets’ role in Thailand’s capital market, transforming from a new financial instrument to a mechanism connecting investor funds with projects generating positive environmental and social impact, while offering returns from carbon credit values expected to grow in the future," Mr. Wanrop said.