TechFlow news — On December 19, according to Bloomberg, the Philippine Department of Finance announced a partnership with virtual asset firm PDAX and fintech company GCash to launch a government securities program with a minimum investment of 500 pesos (approximately $9). The program will manage bonds through the Department's self-developed distributed ledger technology (DLT) registry, operating in parallel with the existing National Registry of Securities in Electronic Form (NRoSS) system. A PDAX executive revealed that currently less than 0.5% of the Philippine population invests in government bonds.
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