CMC News

#Philippines Eyes $60B #Tokenization Market by 2030

The Philippines has a $60 billion opportunity to transform its capital markets through asset tokenization, according to the white paper for Project Bayani published by the Philippine Digital Asset Exchange (PDAX), Saison Capital and Onigiri Capital. The research outlines a future in which millions of Filipinos, already involved in mobile wallets and cryptocurrencies, leapfrog traditional finance and own investment products in tokenized form.

The report estimates the tokenized asset market could reach $60 billion by 2030, led by public equities at $26 billion, government bonds at $24 billion, and mutual funds at $6 billion. These estimates represent inclusion and empowerment fueled by digital assets in an emerging economy where nearly half the population was unbanked as recently as August.

Nichel Gaba, founder and CEO of PDAX, said the country already has vibrant infrastructure to promote widespread adoption. The Philippines has a unique advantage as blockchain wallets are already mainstream, with the infrastructure to deliver tokenized assets to millions of Filipinos already existing in their pockets. The focus now is to connect that infrastructure to real, regulated financial products.

Crypto ownership currently stands at 14%, dwarfing stocks at 2.4%, bonds at less than 1%, and mutual funds. Major wallets like GCash, PDAX, Maya, and   Coins.ph offer embedded blockchain features for seamless holding of cryptocurrencies and tokenized investments.