Palau Debuts Blockchain-Based Savings Bonds with Soramitsu and Japan
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Palau has taken a major step toward modernizing its financial infrastructure by launching a blockchain-based savings bond system.
In collaboration with Japan’s Ministry of Economy, Trade, and Industry (METI) and Japanese blockchain firm Soramitsu, the initiative, dubbed “Palau Invest,” is designed to offer citizens a streamlined way to invest in domestic infrastructure projects while earning returns on their investments.
This latest project is set to support emerging economies through technological innovation, under Japan’s “Global South Future-Oriented Co-Creation Project.”
The core objective of Palau Invest is to empower Palauan citizens by providing them with a new, accessible way to invest in their country.
By making it easy to purchase digital savings bonds, then they can contribute to critical national projects like roads, bridges, housing, and small-to-medium enterprise (SME) development.
These projects are to help stimulate job creation and business opportunities for Palau’s economic growth in the long term.
Speaking on the initiative, President Surangel Whipps Jr. said:
“The savings bonds initiative allows us to fund crucial projects like housing, SME development, and infrastructure with domestically sourced capital. By investing in these areas, we stimulate job creation, enhance business opportunities, and foster a vibrant economy.”
Minister of Finance Kaleb Udui Jr. also echoed similar sentiments, adding that this project is part of a broader financial strategy aimed at increasing investment opportunities for all Palauans
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