According to Bloomberg, the Philippine Ministry of Finance announced the launch of a government bond project with a minimum investment of 500 pesos (about 9 US dollars), planning to expand more small and medium-sized investors with the help of virtual asset company PDAX and financial technology company GCash. The project will be operated through a distributed ledger technology (DLT) registration system, parallel to the existing paperless securities registration system (NRoSS), aiming to promote the popularization of bond investment. Currently, the proportion of the population investing in bonds in the Philippines is less than 0.5%.