Philippine tokenized-asset market to hit $60B by 2030

The Philippines' tokenized-asset market is projected to reach $60 billion by 2030, primarily driven by the tokenization of public equities and government bonds.

A joint report by PDAX, Saison Capital, and Onigiri Capital indicates that tokenized public equities could reach $26 billion, government bonds $24 billion, mutual funds $6 billion, and other assets $4 billion.

National Treasurer Sharon Almanza highlighted that the partnership between PDAX and GCash to distribute tokenized government bonds widely is a step toward inclusive banking, democratizing access to public financial instruments.

This projection aligns with current trends, as 14% of Filipinos already own cryptocurrencies, surpassing the ownership rate of traditional investments like stocks (2.4%) or bonds (less than 1%).

The increasing integration of blockchain-enabled wallets within mobile money applications and the Bangko Sentral ng Pilipinas' progressive approach to digital assets further support the growth potential for tokenized assets in the country.