DLA Piper in first for PHX digital token

DLA Piper in first for PHX digital token Stablecoin

DLA Piper has advised on the structuring of PHX, the world’s first commercial bank-issued digital token from the Union Bank of the Philippines (UnionBank), one of the country’s 10 largest publicly listed banks. The first PHX transfers were conducted on i2i, UnionBank’s blockchain network for rural banks, on 25 July.