PDAX: The Philippine tokenized asset market is expected to reach $60 billion by 2030

According to a report by the Philippine Digital Asset Exchange (PDAX), the market for tokenized assets in the Philippines is expected to reach $60 billion by 2030.

The Project Bayani white paper released by PDAX in collaboration with Saison Capital and Onigiri Capital indicates that this forecast encompasses the blockchain tokenization growth of government bonds, stocks, mutual funds, and other investment products. The report notes that over 14% of Filipinos already own cryptocurrency, while the ownership rates for stocks and bonds are only 2.4% and less than 1%, respectively.