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Philippines’ tokenized assets could reach $60b by 2030: PDAX report
The Philippine Digital Asset Exchange (PDAX), together with Saison Capital and Onigiri Capital, launches Project Bayani, a landmark white paper projecting that the country’s tokenized asset market could reach US$60 billion by 2030.
The report estimates growth across government bonds, equities, mutual funds, and other investment products using blockchain technology.
PDAX, a Philippines-based cryptocurrency and digital asset exchange, said that more than 14% of Filipinos already own cryptocurrencies, compared to 2.4% who own stocks and less than 1% who hold bonds.
Initiatives like the Bureau of the Treasury’s partnership with PDAX and GCash have already enabled the distribution of tokenized government bonds with a ₱500 (US$8.5) minimum investment, making it accessible to first-time investors.
The report finds that nearly half of all bond account holders in the country now hold bonds in tokenized form.
Tokenization involves converting real-world assets into digital tokens on a blockchain, making transactions more accessible and traceable.
🔗 Source: Philippine Digital Asset Exchange
🧠 Food for thought
Implications, context, and why it matters.
Digital wallet giants can integrate tokenized assets to capture retail investment demand
- GCash, a mobile e-wallet app, holds about 89% of the digital wallet market. Maya or GrabPay trail, and the country had about 46.2 million digital wallet users in 2023 3.
- Platforms like GCash, Maya, or GrabPay can work with licensed crypto exchanges to offer tokenized bonds inside their apps. The same model could extend to equities or mutual funds, using the GCash-PDAX bond setup as a template for private securities.
- This suits fintechs serving the 78% of Filipinos who use AI-powered tools and the 88.9% of online shoppers under 45 who prefer mobile-first experiences 43.
- Rural banks, which are community banks in the provinces, can use these wallet links to reach underbanked people (limited access to formal financial services) 56. Digital wallets reach remote areas where bank branches are scarce.
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