Japan fintech tapped to build Palau's first bond issuance platform

Pacific island nation turns to co-developer of Cambodia's Bakong digital currency

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One of the world's smallest nations, Palau lacks the resources to build a massive financial system from scratch. © Reuters

TAKANOBU AIMATSU, Nikkei staff writer

TOKYO -- A Japanese financial technology company that helped create Cambodia's digital currency will build the Pacific island nation of Palau's gateway to the bond market, Nikkei has learned.

Tokyo-based Soramitsu won the order last month and will seek to bring the system online on trial basis in fiscal 2024. A full roll-out could begin the following year.

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