Philippines PDAX launches "Project Bayani" aiming to tokenize $60 billion in assets by 2030

According to ChainCatcher, citing a report from CoinDesk, the Philippine digital asset exchange PDAX has released a white paper titled "Project Bayani," projecting that the country's asset tokenization market will reach $60 billion by 2030, covering areas such as public equities, government bonds, and mutual funds.

PDAX and GCash have already promoted the tokenization of government bonds, allowing nationwide retail investors to participate with a minimum threshold as low as $8.5, with more than half of the accounts choosing to hold in tokenized form.