NHMFC taps blockchain to modernize housing finance

The state-run National Home Mortgage Finance Corporation (NHMFC) is taking a significant step to strengthen transparency, technological resilience, and the modernization of housing finance securitization with the signing of a memorandum of agreement with Bayanichain Tech Inc. (BYC Ventures).

Anchored on its cloud-based digitalization agenda and aligned with the thrust of President Ferdinand R. Marcos Jr. toward digitalizing government transactions, the initiative seeks to explore the application of a blockchain-enabled digital ledger platform to enhance operational efficiency and data integrity.

The proposed system is designed to support secure borrower records management, lifecycle monitoring of housing receivables, and the pooling and structuring of assets for securitization and related housing finance transactions.

During the signing ceremony, NHMFC information technology chief Nora Encina underscored the importance of digital innovation in maintaining institutional credibility and safeguarding public trust.

“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.

Atty. Joshua Emmanuel Cariño, officer in charge and vice president of the Fund and Asset Management Group, likewise emphasized that innovation is central to NHMFC’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 officer Paul Mark Soliman, will collaborate with NHMFC in the institutional digital modernization drive.