The National Home Mortgage Finance Corp. (NHMFC) and Bayanichain Tech Inc. (BYC Ventures) have signed a memorandum of agreement to explore a blockchain-enabled digital ledger platform intended to bolster operational efficiency and data integrity in housing finance securitization. Anchored on NHMFC’s cloud-based digitalization agenda and in line with President Marcos’ push for digital government services, the project aims to apply blockchain technology to housing finance transactions.
The proposed system would support secure borrower records management, lifecycle monitoring of housing receivables, and the pooling and structuring of assets for securitization. NHMFC Information Technology Chief Nora Encina emphasized the importance of digital innovations for institutional credibility and public trust, noting that the integrity and defensibility of disclosures, bond servicing records and asset data are critical to regulatory compliance and investor confidence.
NHMFC’s OIC-VP of the Fund and Asset Management Group Joshua Cariño added that innovation is central to the corporation’s long-term sustainability, stating that the organization will proactively innovate to future-proof NHMFC from potential challenges and opportunities ahead. BYC Ventures, led by CEO Paul Mark Soliman, will collaborate with NHMFC in this digital modernization initiative.
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