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Philippines Makes Historic Move With $270 Mln Maiden Tokenized Bond Sale

source-logo  coingape.com 20 November 2023 14:49, UTC

The Philippines has successfully sold $270 million worth of its maiden tokenized treasury bonds, according to a Bloomberg report. The tokenized bonds, due in November 2024 with a 6.5% coupon rate, garnered immense interest from investors. Additionally, the government of the Philippines has been lauded for showing efforts to embrace digital technology in the bond market.