Philippines Could Unlock $60B Through Asset Tokenization by 2030: Report

Core Insights - The Philippines has the potential to develop a $60 billion tokenized-asset market by 2030, driven by the country's strong engagement with digital wallets and cryptocurrencies [1][6] - There is a significant disparity in investment participation, with 14% of Filipinos owning cryptocurrencies compared to fewer than 5% owning traditional financial instruments like stocks and bonds [2][6] Group 1: Market Potential - The report highlights that equities are expected to dominate the tokenized market, projected to reach $26 billion, followed by $24 billion in government bonds, $6 billion in mutual funds, and $4 billion in other assets [3] - The existing infrastructure for blockchain wallets positions the Philippines uniquely to facilitate the delivery of tokenized assets to a large population [3] Group 2: Accessibility and Financial Inclusion - Tokenized government bonds are now accessible through platforms like PDAX and GCash, with minimum investments reduced to P500, making it easier for smaller savers to participate [4][6] - The partnership between the Bureau of the Treasury, PDAX, and GCash exemplifies the growing momentum towards democratizing access to financial instruments [4][5] - Major consumer apps are already functioning as distribution channels for digital assets, allowing users to hold these assets without the need for extensive infrastructure redevelopment [5]