The state-run National Home Mortgage Finance Corporation (NHMFC) is exploring the use of blockchain technology to strengthen transparency and operational efficiency in housing finance operations.

Under a memorandum of agreement signed with Philippine blockchain firm Bayanichain Tech Inc., the corporation plans to pilot a blockchain-enabled platform to manage borrower accounts, track receivables, and support the pooling of assets for the secondary mortgage market.

NHMFC Information Systems and Technical Support Division Chief Nora Encina said the initiative is part of the corporation’s broader digital transformation agenda. “The integrity and defensibility of disclosures, bond servicing records, and asset data remain critical to regulatory compliance and investor confidence,” she said.

The platform is also intended to enhance the security and auditability of NHMFC’s public financial records. Atty. Joshua Emmanuel Cariño, OIC-Vice President of the Fund and Asset Management Group, said the initiative reflects efforts to modernize operations and adapt to emerging technology trends in housing finance.

BYC Ventures, led by CEO Paul Mark Soliman, will provide technical support for the project, including the deployment of the blockchain ledger and associated infrastructure. The pilot is expected to cover select NHMFC operations before a wider rollout is considered.

The move aligns with the national government’s push for digitalization in public financial services and aims to safeguard data while streamlining processes in the secondary mortgage market.