Philippines Eyes Use of Digital Currency in Sovereign Bond Sales
- Future tokenized bond sales to include longer tenors: official
- Government plans to sell tokenized bonds to retail investors
The Bangko Sentral ng Pilipinas headquarters complex in Manila.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
The Philippines’ Bureau of the Treasury is looking to team up with the central bank to expand the use of digital currency to the sale of government securities as it explores the merits of blockchain technology.
The Southeast Asian nation raised 15 billion pesos ($271 million) on Monday through its first-ever tokenized Treasury bonds, tapping the blockchain-based Distributed Ledger Technology Registry.