Department of Finance (DOF) Secretary Ralph G. Recto has urged GCash, the Philippine Digital Asset Exchange (PDAX) Inc., and regulators to expedite the launch of GBonds for financial inclusion for Filipinos.
Recto announced, during the Bureau of the Treasury’s (BTr) 127th Anniversary and Government Securities-eligible Dealer (GSED) Awarding Ceremony on Nov. 12, that the government will launch GBonds with GCash in December to make investing even easier and “more accessible to the public.” He committed to improving policies that strengthen financial institutions and modernize the Philippine capital market to support GSEDs and Filipinos’ financial freedom.
“For we envision a future where investing in government bonds is no longer a luxury but a new normal for Filipinos—with just a few swipes away and as easy as ordering their favorite food delivery,” Recto said, adding that this initiative allows Filipinos to easily secure their future from the comfort of their homes. Recto also assured that the country’s economic team will continue promoting a stronger economy with favorable conditions for growth and investment as it drives retail participation and digital transformation. GSEDs raise P587 billion from debt securities Prior to the call, Recto also reported that GSEDs helped raise an “unprecedented amount” of P586.
84 billion through debt securities this year. According to Recto, this was the largest amount ever raised from their Retail Treasury Bonds (RTBs), w.