Philippines to Offer $179 Million in Tokenized Treasury Bonds in Asian First
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The Philippines Bureau of the Treasury will offer 10 billion pesos ($179 million) in 1-year tokenized treasury bonds, a first for the country.
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The bonds will be offered to institutional buyers and issued by state-owned banks.
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This move comes as Asian governments show growing interest in tokenized bonds.
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Hong Kong and Singapore have conducted pilots on tokenizing assets with banks.
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Israel's stock exchange also trialed tokenizing fiat and government bonds, showing the trend's momentum.