PDS Group launches live fully DLT-based digital bond, with P11-B oversubscribed UnionBank bond and STACS as technology partner

The Philippine Dealing System Holdings Corp. (‘PDS Group’) today announced the launch of a fully digitally native bond, issued on a distributed ledger technology (‘DLT’) network powered by Hashstacs Pte Ltd (‘STACS’), a Singapore-headquartered FinTech firm. The digital bond was issued by the Union Bank of the Philippines (‘UnionBank’) for PHP 11.00 billion or approximately USD 210 million and priced at 3.25% p.a. for a tenor of 1.5 years. With more than 895 bondholders for this launch, PDS Group becomes the first Asian national market infrastructure to launch a fully live DLT-based bond.

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