Bond Exchange to Issue Philippines First Digital Bond

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.

Inquiry / Info request
Online consultation / Free

Related page

Manila
28°
Cloudy
5:45 am5:47 pm PST
Feels like: 34°C
Wind: 0km/h WSW
Humidity: 87%
Pressure: 1009.14mbar
UV index: 0
23h0h1h
28°C
28°C
28°C
SatSunMon
32/27°C
32/27°C
31/27°C

Philippines Calendar

September 2023
SMTWTFS
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Philippine Holidays

Inquiry

PVC Info Desk
Return Top Inquiry / Info request Online consultation / Free