The Government of Palau has launched Palau Invest, a “blockchain-based bond investment pilot system” in partnership with Soramitsu and the Japanese Ministry of Economy, Trade and Industry.

The Ministry of Finance of Palau needs to finalize the bond issuance criteria and receive government approval. 18 thousand (18K) Palau citizens will be able to purchase the bonds through a mobile app.

The Palau Bond will operate on a public but permissioned blockchain, the Hyperledger Iroha 2 blockchain on the Sora v3 Hub Chain platform. The Polkaswap decentralized exchange operates on the Sora blockchain.