**Palau Embraces Blockchain for Government Bonds**

Palau is stepping into the blockchain era by partnering with Japanese financial software firm Soramitsu to develop a platform for issuing and managing government bonds. The project, set to begin trials this fiscal year, could go live next year. The contract, finalized in June, is valued at several hundred million yen, significantly cheaper than traditional systems.

The initiative is backed by Japan’s Economy, Trade, and Industry Ministry, with strategic advice from other ministries. This move follows Palau's previous blockchain ventures, including a digital residency program and a US dollar-pegged stablecoin with Ripple Labs.

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