Deployments · platform by Bureau of the Treasury (Philippines)
Philippines tokenised treasury bonds (2023)New
The Philippine Bureau of the Treasury's first tokenised treasury bonds: PHP 15 billion of one-year 6.5% bonds sold to qualified institutional investors in November 2023, upsized from PHP 10 billion after bids of about PHP 31.4 billion. The bonds were issued as tokens in the Treasury's own DLT registry, which ran alongside the official National Registry of Scripless Securities. Land Bank of the Philippines and the Development Bank of the Philippines were issue managers. The bonds fell due in November 2024.
Inactive · matured or redeemed since Nov 2024[1] — Single one-year issue; maturity inferred from the one-year tenor and November 2023 settlement. · Reviewed 13d ago
- Assets
- Networks
- Unknown ledger Not disclosed[2]The Treasury's DLT registry; the ledger is not named in the opened sources.
- Use cases
- Primary issuance[1]
- Jurisdictions
- Philippines
Participants
- Bureau of the Treasury (Philippines)Issuer, Platform provider, Operator[1]Philippines
- Land Bank of the PhilippinesDistributor, Arranger or dealer[1]Philippines
- Development Bank of the PhilippinesDistributor, Arranger or dealer[1]Philippines
- PDAXTechnology provider[3]Philippines
- Qualified institutional investors (minimum PHP 10 million).[1]
Assets
Metrics
- 15,000,000,000 PHPTokenised treasury bonds issued · as of Nov 2023[1]
Timeline
- Happened Nov 2024 (month only) · Retired · recorded 15 Oct 2026The one-year bonds fall due.[1]
- Happened 22 Nov 2023 · Launch · recorded 15 Oct 2026PHP 15 billion of one-year 6.5% tokenised bonds settle after the offer is upsized on strong demand.[1]
- Happened 16 Nov 2023 · Announcement · recorded 15 Oct 2026The Treasury announces a PHP 10 billion offer of tokenised treasury bonds for institutional investors, recorded on a DLT registry in parallel with the official registry.[2]
Sources
- [1]PH sells PHP15B of tokenized T-bonds — BusinessWorld (via Metrobank Wealth Insights), 21 Nov 2023. Accessed 15 Oct 2026.C
- [2]Philippines to issue $179m tokenized government bonds — Ledger Insights, 16 Nov 2023. Accessed 15 Oct 2026.C
- [3]PH gov't issues Tokenized Treasury Bonds via PDAX — NewsBytes.PH, 13 Dec 2023. Accessed 28 Oct 2026. Reports PDAX's own announcement and quotes its CEO..C
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