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.