UnionBank of the Philippines completes digital peso bond issuance
The digital peso bond issuance is the final step of the bank's process to pioneer the use of blockchain technology in issuing bonds in the country.
Latest Unionbank News
UnionBank of the Philippines raises $208M via blockchain-backed bond offer
UnionBank raised PHP11 billion (US$208 million) in the first-ever digital peso bond offering in the Philippines, marking a successful proof of concept for the utilization of blockchain in the country.
UnionBank of the Philippines launches country’s first digital bond offering
In a disclosure to the Philippines Stock Exchange, UnionBank revealed that the bonds will have a minimum issue size of PHP 1 billion ($19 million).
Philippine exchange PDAX raises $50M in a Tiger Global-led Series B
Philippine Digital Asset Exchange, more popularly known as PDAX, will channel the funds towards making its infrastructure more accessible, safe and efficient.
UnionBank eyes digital currency trading and custody services in the Philippines as adoption soars
UnionBank predicts that an average investor in the Philippines will hold 3-5% of his assets in digital currencies in the next five years, up from 1-2% currently.
UnionBank pilots blockchain-based remittance services in Philippines
UnionBank hopes to improve banking for the unbanked with its new blockchain platform
Crypto ATMs in the Philippines must comply with financial regulations
Firms looking to install a teller for virtual exchange conversions in the Philippines must be approved by the country's central bank.
Philippines crypto community to get new crypto ATM
UnionBank of the Philippines announced its intention to launch the first cryptocurrency ATM in the country, to allow crypto users' easy access to digital assets.