Philippines Sells $270M In First-Ever Tokenized Bonds, Reflecting Investor Hype

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The Philippines completed the sale of $270 million in its maiden tokenized treasury bonds. What Happened: The Bureau of the Treasury originally planned to sell $179 million in Tokenized Treasury Bonds (TTBs). However, the bids for the TTBs peaked at 31.426 billion Pesos making it oversubscribed by three times from the 10 billion Pesos minimum offer, according to a Bloomberg report. The government sold 15 billion Pesos. The bonds are due in November 2024 and carry a 6.5% coupon rate. Also Read: SC Ventures’ Leaps Into Tokenized Investment With Launch Of Libeara Digital tokens will be used to is…

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