News list for "soramitsu"
The Palau government has partnered with Japanese fintech company Soramitsu and the Japanese Ministry of Economy, Trade and Industry (METI) to launch a blockchain-based savings bond prototype system "Palau Invest", which has now completed the prototype and launched a public demonstration system. Palauans can learn about the system before the Palauan Ministry of Finance issues bonds. Once the Ministry of Finance finalizes the bond issuance criteria and receives approval from the Palauan government...
Palau has contracted Soramitsu Labs, a DLT firm, to develop a government bond issuance platform with the goal of using it as an investor for less than 20,000 people in Palau. Soramitsu is known for developing Cambodia's Bakong National Payment System and has CBDC projects in Laos, the Philippines and Vietnam. Palau plans to test the system later this year with the goal of issuing its first bond next year. Other countries such as the Philippines and Thailand have also used blockchain for governme...
