UnionBank first in the Philippines placed digital bonds
One of the largest Philippine banks, UnionBank, uses blockchain to issue bonds for $18 million. UnionBank has become the first financial institution in the country to use blockchain to issue securities. The bank launched a public offering of bonds in national currency. The bank told the Philippine Stock Exchange that the minimum bond issue will be 1 billion Philippine pesos ($18 million). The first public offering began on May 24. The issue will take place…
