Odaily News The Philippines sold tokenized government bonds for the first time on Monday, which may mean that the country’s government debt market is trying to make widespread use of digital ledger technology. The Treasury Department sold 15 billion pesos ($270 million) of debt maturing in November 2024, according to a statement. The bonds are issued to institutional investors and carry an annual interest rate of 6.5%. The bonds will be issued as digital tokens and will be held on the Distributed Ledger Technology Registry, a blockchain-based registry owned by the Treasury Department. The bureau will implement a dual registration structure, with the DLT registry operating in parallel with the National Registry of Uncertified Securities (NRoSS). (Bloomberg)