Philippine PDAX and other institutions jointly release a tokenization white paper, stating that the tokenized asset market in the Philippines could reach $60 billions by 2030

Foresight News reported, according to CoinDesk, that the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital have jointly released the white paper "Project Bayani: Asset Tokenization Opportunities in the Philippines." The white paper predicts that by 2030, the Philippines will have a $60 billion market opportunity in asset tokenization, mainly dominated by publicly listed stocks ($26 billion), government bonds ($24 billion), and mutual funds ($6 billion).

In addition, the white paper points out that the current cryptocurrency ownership rate in the Philippines is 14%, much higher than that of stocks (2.4%), bonds (less than 1%), and mutual funds. The Bureau of the Treasury of the Philippines is working with PDAX and GCash to distribute tokenized government bonds nationwide to validate this model.