Philippine Digital Asset Exchange Eyes $60B Tokenization Opportunity With Project Bayani

Core Insights - The Philippines has a $60 billion opportunity to transform its capital markets through asset tokenization, as outlined in the white paper for Project Bayani [1] - The tokenized asset market is projected to reach $60 billion by 2030, with public equities leading at $26 billion, followed by government bonds at $24 billion, and mutual funds at $6 billion [2] - The initiative aims to empower millions of Filipinos, many of whom are unbanked, by enabling them to own investment products in tokenized form [3] Market Infrastructure - The Philippines has a unique advantage with mainstream adoption of blockchain wallets, which facilitates the delivery of tokenized assets [4] - Current crypto ownership stands at 14%, significantly higher than stocks at 2.4%, bonds at less than 1%, and mutual funds [4] - Major wallets like GCash, PDAX, Maya, and Coins.ph provide embedded blockchain features for easy access to cryptocurrencies and tokenized investments [4] Accessibility and Adoption - Tokenized bonds via PDAX and GCash have reduced barriers to entry, allowing access from just 500 pesos ($8.50), thus democratizing the government bond market [5] - Nearly half of all government bond account holders now own them in tokenized form, indicating strong potential for mass adoption [5] - The partnership between the Bureau of the Treasury, PDAX, and GCash is successfully distributing tokenized government bonds nationwide, attracting retail investors [6]