The Philippines announced the launch of tokenized treasury bonds, which will script history with a vision of a new digital financial era. The Bureau of the Treasury made the announcement, planning to offer 10 billion pesos (approximately $179 million) of one-year tokenized bonds.

According to the Bureau of Treasury issued government release on November 16, with this first-ever move, the Philippines will cancel the regular bills auction. The tokenized bonds will be issued on November 20, paving the way for the pioneering issuance.




First Tokenized Treasury Bonds (TTBs)
The Philippines’ first-ever TTBs will be made available to eligible investors in minimum denominations of P10 million and in increments of P1 million thereafter. The bonds will be available with similarities with the conventional government securities offers, and issued digitally.

Furthermore, tokens will be maintained in the BTr’s Distributed Ledger Technology (DLT) Registry. For the processing of TTBs, the Bureau of Treasury will implement a dual registry structure, with the DLT Registry running in parallel with the National Registry of Scripless Securities (NRoSS). The NRoSS will serve as the primary registry.