Philippines Launches Blockchain App to Distribute Government Bonds

Cointelegraph

Published Jul 21, 2020 05:52AM ET

Updated Jul 21, 2020 07:40AM ET

On July 19, the Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-enabled mobile application for distributing government-issued treasury bonds.

According to local news outlet Inquirer.Net, the president and CEO of UnionBank, Edwin R. Bautista, claimed it was Asia’s “first retail treasury bond issuance to leverage on blockchain technology.”

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