The Philippines Issues its First $270 Million Tokenized Bonds Targeting Institutional Investors
The What does blockchain 3.0 represent?Philippines made history on Monday by conducting its inaugural sale of tokenized government bonds, signaling a potential widespread adoption of blockchain technology in the country's government debt market. According to a statement, the Department of Finance sold 15 billion pesos (approximately $270 million) in debt that will mature in November 2024. These bonds were issued to institutional investors with an annual interest rate of 6.5%.
The bonds were issued in the form of digital tokens and will be recorded in the Distributed Ledger Technology Registry, a blockchain-based registry under the Department of Finance. The agency will implement a dual registration structure, with the DLT Registry operating in parallel with the National Registry of Scripless Securities (NRoSS).
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
相关推荐
- Binance Founder’s Family Office Invests in BNB Treasury Startup with IPO Ambitions
- Binance Responds to Dispute with WazirX Parent Company Zanmai: Denies Acquisition and Responsibility
- Understanding Intent and Chain Abstraction: Seamlessly Bringing Mass Users into the Blockchain?
- Unveiling Monad: The Next Frontier in High
- ETH Price Could Hit $3,000, But Retail Selling Puts the Brakes On
- WikiBit Social Connection Giveaway
- This Week's Noteworthy Events(Aug 26, 2024
- Exploring DOGS Tokenomics and Exchange Activities Across Major Platforms