State-run National Home Mortgage Finance Corp. (NHMFC) has signed a memorandum of agreement with Bayanichain Tech Inc. (BYC Ventures) to explore blockchain technology for housing finance securitization to enhance transparency and operational efficiency.
The partnership aligns with President Ferdinand Marcos Jr.’s directive to digitalize government transactions and supports NHMFC’s cloud-based modernization agenda.
The initiative will examine a blockchain-enabled digital ledger platform for managing borrower records, monitoring housing receivables and pooling assets for securitization.
NHMFC information technology chief Nora Encina said digital innovations are vital for maintaining institutional credibility in a high-trust financial environment.
“NHMFC’s digital roadmap recognizes the unique responsibility of the corporation as a secondary mortgage market institution operating in a high-trust financial environment. The integrity and defensibility of disclosures, bond servicing records, and asset data remain critical to ensuring regulatory compliance and sustaining investor confidence,” Encina said.
Joshua Emmanuel Cariño, officer-in-charge, vice-president of the fund and asset management group, said innovation is central to the corporation’s long-term sustainability.
“We stand by our word — we secure your future. We do not only ensure sustainability and resilience but also proactively innovate and adapt to future-proof NHMFC from possible challenges and opportunities we may encounter along the way,” Cariño said,
BYC Ventures, a Philippine-based blockchain technology firm led by chief executive Paul Mark Soliman, will collaborate with NHMFC on the digital modernization drive.
