The Philippines is making a significant move towards a digital era in finance by introducing tokenized treasury bonds. The Bureau of the Treasury plans to offer 10 billion pesos (approximately $179 million) in one-year tokenized bonds to institutional buyers. These bonds, issued by state-owned institutions, will have a minimum denomination of 10 million pesos and increments of 1 million pesos. The final interest rate will be revealed on the issuance date. This groundbreaking initiative replaces the planned bills auction and demonstrates the country’s embrace of modern financial technology. Tokenized bonds offer increased liquidity and transparency, marking a pivotal moment in financial innovation. The Philippines’ shift to these tokens aligns with the rising interest in such markets among Asian governments. The bonds will be available in digital form, mirroring conventional government securities, and will be maintained in a Distributed Ledger Technology (DLT) Registry for streamlined processing. The issuance and settlement are scheduled for November, with the option to modify the mechanics of the issue. This move, along with Hong Kong’s fintech endeavors, highlights the proactive stance of Asian financial markets in embracing advanced technologies and staying on par with global counterparts.

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Information	Details
Geography	Asia
Countries	🇵🇭 🇭🇰
Sentiment	positive
Relevance Score	1
People	Erwin Sta
Companies	Goldman Sachs, Development Bank of the Philippines, Bureau of the Treasury, Land Bank of the Philippines, National Registry of Scripless Securities
Currencies	None
Securities	None