FinTech Alliance Philippines, the country’s largest and most influential network of fintech and digital innovators, has expressed its full support for the immediate passage of Senate Bill No. 1330, also known as the “Blockchain the Budget Bill” filed by Senator Bam Aquino.
The Alliance also urged President Ferdinand Marcos Jr. to certify the measure as a priority bill, underscoring its transformative potential in strengthening public financial accountability and transparent governance.
At the heart of the measure is the principle: “Bawat piso, kita ng publiko.” By leveraging blockchain technology, the proposed law will embed government allocations, contracts, and projects into a secure and immutable ledger—making them fully transparent, auditable, and accessible to every Filipino.
“Walang tago. Walang lusot. Bawat kontrata, bawat proyekto kayang i-track, i-audit, at unawain ng bawat Pilipino,” Senator Aquino emphasized in introducing the bill.
If enacted, the Philippines would position itself as a global trailblazer in blockchain for governance, ensuring an accountable and efficient system where every peso of taxpayer money is traceable and verifiable. This step is seen to build stronger public trust in government institutions while fostering a culture of integrity in public spending.
Lito Villanueva, Founding Chairman of FinTech Alliance PH and Executive Vice President and Chief Innovation and Inclusion Officer of RCBC, highlighted the significance of the legislation.
“Transparency is the bedrock of good governance. By leveraging blockchain, we can finally give every Filipino the power to see exactly how their hard-earned money is spent. We strongly urge both houses of Congress and President Marcos Jr. to prioritize this landmark legislation.”