Aboitiz-led Union Bank of the Philippines seeks to export to the overseas market a pioneering retail corporate bond issuance platform that harnesses blockchain technology.
Its recent execution of Asia’s first successful retail bond tokenization was touted as “proof of concept” that such decentralized ledgers, which more people currently associate with cryptocurrencies, could also be used to democratize retail bond offerings.
“If we’re talking about blockchain, there’s no reason why the Philippines can be just a follower. This is an example of an execution where the Philippines can actually be a lead player as we have shown here. We have developed a blockchain platform that can be a…
Keep on reading: UnionBank wants to export blockchain-based app for bonds