ABS-CBN News Channel’s Post

Name: ABS-CBN News Channel on LinkedIn: #industryoutlook #ancmarketedge #anconlinkedin
Uploaded: 2024-11-19T03:00:04.840Z
Duration: 2 min 1 s
Channel: ABS-CBN News Channel

ABS-CBN News Channel

2,736 followers

1mo

#IndustryOutlook PDAX CEO Nichel Gaba highlights how blockchain technology is revolutionizing the treasury bond market by making it more accessible to individuals who might not have been able to participate before. Through tokenized government bonds now available on GCash, the popular e-wallet's 90 million users can conveniently and affordably invest in these financial instruments with just a few taps. 🔗 Watch Michelle Krystle Ong's #ANCMarketEdge interview on Prestige: https://lnkd.in/gAfihDAC For more news and updates, follow #ANConLinkedIn

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It's still backed by the national government. It's still considered quote UN quote interest. It's still called considered quote UN quote risk free. You get a fixed return from from the national government. So none of that actually changes. But the difference with tokenized strategy bills is that because of the underlying technology, we're able to offer it at a more favorable denominations or a more a much lower denomination. In fact, treasury bills. Like beat acts are available at 500 pesos a pop and on G bonds the plan is to make it available for as little as 500 pesos as well. Now a lot of the magic of tokenization happened well obviously behind the scenes, but but they happen to to to try and lower the costs of distributing bonds. If you have experienced buying bonds before you will you will know that you have to line up. The bank opened an account and the denominations are quite high. You would need millions of pesos to access treasuries. But now relying on the blockchain for a lot of the record keeping and relying more on on automations that are now available. These were the most obvious starting point for an investor, right? Because you're investing in an asset that's quote UN quote risk free. So you're almost guaranteed to get your money back with some interest and you're also helping fund the Republic. We do have a lot of. Development initiatives that need funding. Could the same thing be done in stocks eventually? I mean, we've got some stocks out there that are pretty expensive. Do you think this is also something that can democratize ownership of stocks? Absolutely. In fact, the regulators are currently working on a framework to see how. Blockchain technology or distributed Ledger technology can be utilized in traditional capital markets outside of just bonds.

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