Philippines' Asset Tokenization Market Projected to Reach $60 Billion by 2030

According to Foresight News, a white paper titled "Project Bayani: The Asset Tokenization Opportunity in the Philippines" has been jointly released by the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital. The report forecasts a $60 billion market opportunity in asset tokenization in the Philippines by 2030, primarily driven by public stocks ($26 billion), government bonds ($24 billion), and mutual funds ($6 billion). The white paper also highlights that the current cryptocurrency ownership rate in the Philippines stands at 14%, significantly higher than that of stocks (2.4%), bonds (less than 1%), and mutual funds. To validate this model, the Philippine Bureau of the Treasury is collaborating with PDAX and GCash to distribute tokenized government bonds nationwide.