PDAX: Philippines' Tokenized Asset Market Expected to Reach $60 Billion by 2030

BlockBeats News, November 28th. The Philippine Digital Asset Exchange (PDAX) reported that the Philippine tokenized asset market is expected to reach $60 billion by 2030. A whitepaper jointly released by PDAX revealed that blockchain tokenization covering government bonds, stocks, mutual funds, and other investment products will see increasing adoption. Over 14% of Filipinos already hold cryptocurrency, while the ownership of stocks and bonds stands at only 2.4% and less than 1%, respectively.

Correction/Report

RelatedRecommended

Arthur Hayes: $100 Trillion to Flow into Stablecoins, DeFi Set for Value Explosion

The global adoption of stablecoins will drive the growth of DeFi applications, especially projects like Ethena, Ether.fi, and Hyperliquid, which will benefit from it.

The man-machine war starts again: Web3 identity management logic and practice

Tiger Global, a "barbarian" that invests in 358 projects a year, is accelerating Crypto layout

Why are they considered "barbarians" invading VC circles? A detailed overview of Tiger Global's crypto portfolio, investment style and development history.

On-Chain Activity

1h ago

The number of signatures on the petition for Jensen Huang's return has surpassed the 100,000 mark, with renowned public figures such as Elon Musk and Tom Lee having publicly expressed their support.

Bitcoin falls to touch $65,000.

Ethereum Foundation sells another 2,500 ETH, totaling 7,500 ETH sold over four days.

Bitcoin's current mainstream CEX liquidation map: If it falls below $63,000, the cumulative long liquidation intensity will reach $378 million.

Correction/Report

Submit

Add Library

Visible to myself only

Public

Save

Choose Library

Add Library

Cancel

Finish

PDAX: Philippines' Tokenized Asset Market Expected to Reach $60 Billion by 2030

Ethereum Foundation sells another 2,500 ETH, totaling 7,500 ETH sold over four days.

A whale transferred out from Binance and accumulated over $115 million in Bitcoin.

A Hyperliquid trader profited from three consecutive short positions, earning $2.19 million by shorting PONS.

Data: The U.S. government currently holds approximately $20.57 billion in crypto assets.