The potential for asset tokenization in the Philippines is immense: Project Bayani predicts that the market size will reach $60 billion by 2030.

The Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital today jointly released a White Paper titled “Project Bayani: Opportunities for Asset Tokenization in the Philippines,” highlighting that the potential for the Philippines to transform its Capital Market through asset tokenization is as high as $60 billion. The report depicts a future scenario in which millions of Filipinos who have already used mobile Wallets and Crypto Assets will leapfrog the TradFi stage to hold investment products such as government bonds, stocks, and mutual funds in tokenized form.

The White Paper predicts that by 2030, the market size of tokenized assets could reach $60 billion, with public stocks at $26 billion, government bonds at $24 billion, and mutual funds at $6 billion, leading market development. Data shows that the adoption rate of crypto assets in the Philippines has reached 14%, far exceeding stocks (2.4%), bonds (less than 1%), and mutual funds. Mainstream wallets such as GCash, PDAX, Maya, and Coins.ph have provided embedded blockchain features, enabling seamless holding of crypto assets and tokenized investments.

Nichel Gaba, founder and CEO of PDAX, stated: “The Philippines has a unique advantage - blockchain Wallets have become mainstream. The infrastructure is already in place, and our focus is on connecting it with regulated financial products.” The tokenized government bonds issued through PDAX and GCash have lowered the investment threshold to 500 pesos (approximately 8.50 USD), significantly promoting the democratization of the government bond market, with nearly half of government bond accounts currently holding bonds in tokenized form.

The Philippine Department of Finance is collaborating with PDAX and GCash to distribute tokenized bonds nationwide, attracting retail investors. Finance Secretary Sharon Almanza stated, “This collaboration allows millions of Filipinos to directly purchase government bonds, marking an important step towards the popularization of public financial instruments and further promoting inclusive finance development.”

This trend shows that tokenized assets can not only lower investment thresholds but also support the development of the digital financial ecosystem in the Philippines, promoting the modernization and inclusiveness of traditional capital markets. (CoinDesk)