Bank of Thailand launches DLT-based bond issue platform
Central bank says new platform increased efficiency of $1.6 billion retail bond issue
Thailand’s central bank launched a blockchain-based platform for primary dealing in government bonds with a $1.6 billion debt issue, it announced on September 10.
The bond platform is the first part of the central bank’s scripless bond project to be used operationally. The BoT started work on the scripless bond project in 2018, examining ways that digital ledger technology (DLT) could be used for government debt issuance.
The central bank used the new platform to issue two government savings
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