On 3rd, the Philippine Department of Finance announced that the bond exchange operator under the Philippine Stock Exchange (PSE) will issue digital bonds in February using blockchain (distributed ledger) technology. The issuance of digital corporate bonds is the first of its kind in the country. It will be issued by Philippine Dealing Systems Holdings (PDS Group). The PDS Group plans to digitize its services to deepen the domestic capital market, and the issuance of digital bonds is part of this plan. According to a report submitted to the Capital Market Development Commission (CMDC) by Philippine Dealing and Exchange (PDEX), a fixed income and foreign exchange trading company, the PDS Group is conducting a demonstration of blockchain-based securities registration and deposit services. The group plans to complete the experiment in January before issuing digital bonds in February. The PDS Group hopes to integrate its blockchain technology services with its e-SIP electronic securities issuance portal in the future. The PDS Group hopes to integrate services based on blockchain technology with its electronic securities issuance portal “e-SIP” in the future.