TrueMoney Taps Fireblocks to Launch THBT Wallet Built on Base

3 min readPublished 15 Sep 2026Updated 15 Sep 2026, 08:55 UTC

Thai payments firm embeds a baht-linked digital asset wallet into its app using infrastructure from custody provider Fireblocks.

TrueMoney has partnered with Fireblocks to launch an embedded digital wallet supporting THBT, a token tied to the Thai baht, on the Base blockchain. The wallet will be built directly into TrueMoney’s existing app, according to reporting from CryptoBriefing and Fintech News Singapore.

TrueMoney is one of Thailand’s largest digital payments providers, serving millions of users across mobile money, transfers, and merchant services. Embedding a blockchain-based wallet into that platform would let users hold and move THBT without needing a separate crypto app or exchange account. That kind of integration is often described in the industry as an embedded wallet, a design meant to hide blockchain complexity from end users.

Fireblocks, the partner named in the deal, is a digital asset infrastructure company known for custody, transaction management, and wallet tooling used by banks, exchanges, and fintechs. Its role here appears to center on the technical backbone supporting THBT transactions, including security and key management for the wallet layer. Fireblocks has worked with numerous financial institutions exploring blockchain rails, positioning it as a common infrastructure layer across multiple regional pilots.

Base, the blockchain chosen for this deployment, is a layer-2 network built on Ethereum and incubated by Coinbase. It has become a popular home for payment-focused and consumer-facing blockchain projects, thanks to lower transaction costs and faster settlement compared with Ethereum’s base layer. Choosing Base suggests TrueMoney and Fireblocks prioritized cost efficiency and existing developer tooling over building on a newer or less-tested chain.

The reporting describes this launch as part of a broader pilot involving Thai baht-linked blockchain payments. Fintech News Singapore frames the Fireblocks addition as an expansion of an existing pilot program, while CryptoBriefing frames it more directly as the wallet’s launch. Both accounts agree on the core elements: a TrueMoney and Fireblocks partnership, a THBT wallet, and deployment on Base.

Thailand has shown increasing regulatory interest in digital asset infrastructure tied to its national currency, as regulators across Southeast Asia weigh how stablecoin-like instruments and tokenized fiat should be supervised. A baht-referenced token embedded in a mainstream payments app would represent a meaningful test case for how retail users interact with blockchain-based money without directly touching cryptocurrency markets.

Details remain limited on transaction volume, rollout timeline, and whether THBT will be available to all TrueMoney users at launch or through a limited pilot group first. Neither source specified reserve backing mechanics or regulatory approvals tied to THBT’s issuance, leaving open questions about how the token is structured and supervised.

Market Impact

For Fireblocks, the partnership extends its footprint into Southeast Asian payments infrastructure, an area where custody and wallet-security providers are competing to become the default backend for regional fintechs experimenting with blockchain rails. A successful embedded wallet rollout could encourage other Thai or regional payment apps to explore similar integrations.

For Base, hosting a national-currency-linked payment pilot adds to its positioning as a chain suited for consumer payment applications rather than purely speculative trading activity. Broader adoption of THBT could also feed into ongoing regional discussions about tokenized fiat and stablecoin oversight, particularly as Thai regulators continue to evaluate frameworks for digital asset payment products.

The TrueMoney-Fireblocks partnership marks another step toward embedding blockchain-based payment tools into mainstream Southeast Asian financial apps, though key operational and regulatory details are still emerging.

Frequently Asked Questions

What is THBT?

THBT is described in the reporting as a token referenced to the Thai baht, integrated into TrueMoney’s app as part of this pilot.

What role does Fireblocks play in this partnership?

Fireblocks provides digital asset infrastructure, including custody and wallet management tools, supporting the technical backend of the THBT wallet.

Why was the Base blockchain chosen for this project?

Base is a low-cost, Ethereum-linked layer-2 network popular for consumer and payment-focused blockchain projects, though the sources did not detail the specific selection criteria.