Philippines Innovates Government Securities with Blockchain and Digital Currencies 26 November 2023

The Philippines is integrating blockchain and digital currencies such as Bitcoin, Ethereum, XRP, and Cardano to enhance its financial infrastructure and digital finance. Collaborating with the Bureau of the Treasury, the Central Bank of the Philippines is pioneering the introduction of digital money for government securities. This initiative explores blockchain technology and has already seen the issue of the Philippines’ first tokenized Treasury bonds, raising 15 billion pesos (US$271 million) through the Distributed Ledger Technology Registry. (Source: Blockchain Reporter)