TLDR
- Project Bayani by PDAX aims to unlock a $60 billion tokenized asset market in the Philippines by 2030.
- Blockchain wallets such as GCash, Maya and Coins.ph enable easy access to tokenized financial assets.
- Crypto ownership in the Philippines stands at 14%, outpacing stocks at 2.4% and mutual funds at under 1%.
- Almost 50% of government bond accounts in the country are now in tokenized format via PDAX.
- PDAX targets unbanked Filipinos by connecting mobile wallets to regulated investment opportunities.
The Philippine Digital Asset Exchange has launched Project Bayani to explore a $60 billion tokenization market by 2030. The initiative aims to link existing digital infrastructure to regulated assets such as bonds, stocks and mutual funds. The white paper, released by PDAX, Saison Capital and Onigiri Capital, outlines the growth prospects for asset tokenization.
Blockchain wallets support rapid expansion
According to a report by CoinDesksupports the widespread blockchain wallet use in the Philippines rapid integration of tokenized assets into mainstream financial products. Platforms such as GCash, Maya and Coins.ph already support embedded blockchain capabilities for easy storage and transfers of digital assets.
This digital readiness gives the Philippine Digital Asset Exchange an advantage in scaling tokenized investments across the retail market. Crypto ownership in the country stands at 14%, while stocks account for only 2.4% and mutual funds even less.
According to PDAX CEO Nichel Gaba, mobile wallets have laid the foundation for tokenized financial products. “We’re not starting from scratch,” Gaba said, adding that wallets already serve millions of users across the country.
Tokenized bonds lead market adoption
Tokenized government bonds help open access to regulated products to low-income earners and private investors. The Philippine Digital Asset Exchange has partnered with GCash to enable tokenized bond purchases from as little as 500 pesos. This has increased participation, especially among those previously excluded from traditional bond markets.
Almost half of government bond accounts are now in tokenized format, according to current data shared by PDAX. This change helps investors bypass banks and access products directly through mobile devices. The Ministry of Finance has confirmed widespread participation since distribution began via digital platforms.
Treasurer of the Philippines Sharon P. Almanza said this collaboration puts public assets directly into Filipino hands. She said, “This partnership brought government bonds directly to the fingertips of millions of Filipinos.” The Philippine Digital Asset Exchange continues to provide the infrastructure to support such distribution efforts across the country.
Shares and mutual funds can drive future growth
The tokenized market could reach $60 billion by 2030, with public shares estimated at $26 billion. Treasuries could contribute $24 billion, while mutual funds could add $6 billion to the total estimate. This forecast is based on digital platforms enabling wider access to regulated investment products. The Philippine Digital Asset Exchange aims to connect current mobile wallet users to tokenized versions of these assets.
These efforts focus on bringing financial inclusion to millions of unbanked or underbanked people. The current infrastructure enables rapid deployment of tokenized offerings to users already familiar with digital tools. The research of Project Bayani reflects current trends rather than speculative forecasts. The Philippine Digital Asset Exchange plans to use real-time engagement and data from existing user bases to guide implementation.
