A new assessment from the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital outlines a sixty-billion-dollar window for asset tokenization in the country. This projection is supported by the rapid adoption of mobile wallets and growing interest in digital assets among retail users.
Project Bayani, the study released on Thursday, frames a model where citizens gain access to investment products through tokenized formats that rely on blockchain rails already present in millions of devices.
Projected Growth Across Asset Classes
Project Bayani measures possible expansion across several product lines. Public equities lead projections with twenty-six billion dollars, followed by twenty-four billion dollars in government bonds and six billion dollars in mutual funds. Authors view tokenization as a channel for wider financial inclusion in a market where many workers remain outside formal banking.
Existing Infrastructure Facilitates Digital Asset Access
Nichel Gaba, founder and chief executive of PDAX, highlights the country’s advantage in this emerging market. Gaba explains that blockchain-enabled wallets operate as a ready-made gateway for tokenized investment flows. Major platforms like GCash, PDAX, Maya, and Coins.ph already support crypto features, allowing users to hold digital assets with low entry points and simple onboarding processes.
“We’re 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.” – Gaba
Rapid Progress in Tokenized Government Bonds
PDAX and GCash are distributing products starting from five hundred pesos, a feature that significantly lowers minimum investment requirements and opens the door to broader participation in financial markets. Data from the Bureau of the Treasury shows strong engagement among retail savers who are increasingly opting for digital formats over traditional investment channels.
Sharon P. Almanza, Treasurer of the Philippines, acknowledges the current momentum in digital finance. Almanza notes that millions of citizens are interacting with government bonds through mobile-based channels, a shift that enhances access to public investment instruments and encourages habits linked to long-term savings.
Current crypto ownership reaches fourteen percent of the population, a figure that far surpasses conventional stock and bond participation rates. Wallet penetration is accelerating learning curves for digital assets and is actively preparing the country for wider adoption of tokenized products in the coming years. PDAX and its partner platforms plan to continue expanding their distribution networks to maintain engagement among new investors.