The Philippines has rolled out what officials describe as a global first in public finance management, becoming the first country to record its entire national budget on blockchain technology, beginning with the 2026 General Appropriations Act (GAA).
Once implemented, the House would be the first legislative body in Asia to adopt blockchain for its core processes, according to House speaker Faustino “Bojie” G. Dy III.
The report, titled Project Bayani, says tokenization could become the primary way many Filipinos access investment products -- from government bonds to mutual funds and equities.
Cryptocurrency platform Coins.ph is testing a new technology that could make sending money cheaper and faster for Filipinos, especially for those working abroad.
The company...
Sen. Bam Aquino noted the measure represents the next stage of his earlier “Blockchain the Budget” proposal, refined to integrate advanced digital infrastructure for transparency.
Starting Nov. 1, Filipinos in the United Kingdom, European Union, United States, and Canada can send money home through BCRemit using stablecoin technology.
The initiative, called the Verification of Electronic Records and Information Trust and Authentication System (Veritas), will enable users to digitally sign and verify SEC-related documents through public-key cryptography, with all transactions recorded on a decentralized ledger to ensure immutability and traceability.
Speaking at the 8th CXO Technology Summit in Shangrila Boracay, DICT secretary Aguda said his agency has secured a grant from blockchain firm Polygon to pilot a system that will place the 2026 national budget on the blockchain.
A recent survey by app-based research firm Tangere indicates growing public interest in blockchain technology and its potential role in government transparency.
