Historic launch: Philippines introduces Tokenized Treasury bonds

The Bureau of the Treasury (BTr) is set to launch the Philippines’ inaugural offering of Tokenized Treasury Bonds (TTBs).

The government aims to raise at least P10 billion through this initiative.

According to a statement released by the BTr, the TTBs represent one-year fixed-rate government securities that pay semi-annual coupons.

Qualified institutional buyers will have the opportunity to participate in the offering on November 20, with the issue date slated for November 22.

Investors interested in the country’s first-ever TTBs will be able to acquire them in minimum denominations of P10 million, with increments of P1 million thereafter—a structure mirroring conventional government securities offers.

These bonds will be issued in digital token form and will be maintained within the BTr’s Distributed Ledger Technology Registry.