CandleFocus Palau debuts blockchain-based savings bonds by CBDC developer Soramitsu
2024-10-08
Author: Content Editor
Palau, in partnership with Soramitsu and Japan's ministry, has launched a blockchain-based savings bond prototype called "Palau Invest." The initiative aims to provide citizens with investment opportunities in domestic infrastructure projects. The program is part of Japan's commitment to supporting emerging economies through technological innovation. The funds generated from the digital savings bonds will be allocated to critical infrastructure projects. A public demonstration phase has been launched before formal issuance begins, and citizens will be able to purchase bonds through a mobile app. This launch is another milestone for Soramitsu, which has previously implemented blockchain-based financial systems in the Asia-Pacific region.
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