The Philippine government continues to leverage blockchain technology to digitize the market.
Philippine government next week tokenized treasury bill It plans to raise 10 billion pesos ($180 million) by selling it.
Similarly, Hong Kong also launched at the beginning of this year. 800 million Hong Kong dollars ($103 million) worth of tokenized green bonds stung. Hong Kong had announced that tokenizing bonds could increase liquidity and transparency in the market.
The Philippine government will determine the interest rate on the treasury bill on November 20. The issuance is planned to take place on November 22.