The Philippines govt is promoting tokenized Treasury bonds for the first time and is targeting to lift on the very least 10 billion Philippine pesos (about $180 million) within the process, in step with a new offering witness.

The sale of the tokenized treasury bonds to institutional buyers will kick off next week.

The tokenization of true-world sources (RWA) has persevered to set recognition worldwide. In February, Hong Kong issued about $102 million charge of a tokenized version of its governmental green bonds for the first time.

Earlier this month, Hong Kong mentioned it would enable some assorted forms of tokenized securities task in one other fundamental step in direction of changing into a digital asset hub within the plight.

The Philippines Bureau of the Treasury will offer the one-year tokenized bonds at minimal denominations of 10 million pesos (about $180,000) with increments of one million pesos or almost $18,000.

The hobby charge will be clear on Nov. 20, in step with Bloomberg. The Philippines has cancelled its long-established funds auction that would happen that same day to free room for the treasury bond sale.