Palau building blockchain government bond platform
Contract won by Japanese company that co-developed Cambodia’s digital currency
The Pacific island nation of Palau is developing a blockchain platform to issue government bonds.
Nikkei reported that Saramitsu won the 100 million yen ($0.64 million) contract to bring the platform online on a trial basis in 2024, aiming for a full rollout next year. The project is receiving aid from the Japanese Ministry of Economy, Trade and Industry, and the Japanese foreign and finance ministries will advise on project management.
As well as issuing debt to retail and institutional investors
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