Japan has begun informal discussions with the Philippines over the possible export of the Ground Self-Defense Forceβs Type 03 Medium-Range Surface-to-Air Missile system, known as Chu-SAM, as Prime Minister Sanae Takaichiβs government advances plans to end long-standing restrictions on defense exports. According to a report by Kyodo News published on November 30, several government sources [β¦]
The Philippines could unlock a $60 billion tokenized-asset market by 2030, according to a new report from the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital.
Key Takeaways:
The Philippines could build a $60 billion tokenized-asset market by 2030, led by equities and government bonds.
More Filipinos hold crypto than traditional investments, with 14% owning crypto versus fewer than 5% owning stocks or funds.
Digital wallets like GCash and PDAX are making tokenized bonds accessible with entry levels as low as P500.
The report argues that the countryβs deep engagement with digital wallets and crypto creates a βtokenized-firstβ pathway to investing in stocks, bonds, and funds.
Crypto Ownership in Philippines Outpaces Stock Investing
Despite being one of the most digitally connected nations in Southeast Asia, participation in conventional investing remains limited.
The report shows that while around 14% of Filipinos hold cryptocurrencies, fewer than 5% own stocks, bonds, or mutual funds, a gap between access to digital tools and exposure to the broader financial system.
βThe Philippines has a unique advantage: blockchain wallets are already mainstream,β said Nichel Gaba, founder and CEO of PDAX.
βWeβre not starting from scratch. The infrastructure to deliver tokenized assets to millions of Filipinos already exists in their pockets. Our focus now is to connect that infrastructure to real, regulated financial products.β
Project Bayani estimates equities will account for the largest share of the tokenized market at $26 billion, followed by $24 billion in government bonds, $6 billion in mutual funds, and $4 billion in other assets. Early examples already show how lower barriers can widen access.
Tokenized government bonds distributed through PDAX and payments app GCash reduced minimum investments to just P500, opening the market to smaller savers previously shut out by higher entry thresholds.
The initiative also points to the Bureau of the Treasuryβs partnership with PDAX and GCash as evidence of growing momentum.
βThis partnership brought government bonds directly to the fingertips of millions of Filipinos,β said Sharon Almanza, Treasurer of the Philippines.
βIt represents a bold leap forward in democratizing access to public financial instruments, further promoting financial inclusion.β
Large consumer apps already serve as distribution channels, according to the report. Wallets such as GCash, PDAX, Maya, and Coins.ph allow users to hold digital assets without forcing companies or regulators to rebuild infrastructure from scratch.
Tokenized Real-World Assets May Unlock $400T TradFi Market
Animoca researchers Andrew Ho and Ming Ruan said the global market for private credit, treasury debt, commodities, stocks, alternative funds, and bonds represents a vast runway for growth.
βThe estimated $400 trillion addressable TradFi market underscores the potential growth runway for RWA tokenization,β they wrote.