Philippines to Sell Tokenized Treasury Bond Next Week

The Philippines government plans to raise 10 billion pesos ($180 million) through the sale of a tokenized treasury bond next week, marking its latest move to digitize its domestic debt market, following Hong Kong's offering of an 800 million-Hong Kong dollar tokenized green bond in February.

The Philippines Bureau of the Treasury plans to confirm the interest rate for a one-year bond on November 20, with the issue and settlement date set for November 22.