The Palau government has launched Palau Invest, a "blockchain-based savings bond prototype system." Now that the prototype is complete, a public demonstration system has also been launched. Japan's Ministry of Economy, Trade and Industry and Soramitsu Blockchain are providing support, and the project aims to finance infrastructure projects in the country.
The Ministry of Finance must finalize the bond issuance criteria and obtain approval from the government. About 18,000 Palau citizens will be able to purchase bonds from the Ministry of Finance through an app on their mobile phones. "The savings bond program allows us to finance critical projects such as housing, SME development, roads and other basic services with domestic funds. These projects are not only critical to infrastructure, but also have spillover effects." (Cointelegraph)