Philippine Digital Asset Exchange Launches Project Bayani

TLDR

Table of Contents

Project Bayani by PDAX aims to unlock a $60B tokenized asset market in the Philippines by 2030.
Blockchain wallets like GCash, Maya, and Coins.ph enable easy access to tokenized financial assets.
Crypto ownership in the Philippines is at 14%, surpassing stocks at 2.4% and mutual funds below 1%.
Nearly 50% of government bond accounts in the country now exist in tokenized format via PDAX.
PDAX is targeting unbanked Filipinos by linking 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 like bonds, equities, and mutual funds. The white paper, released by PDAX, Saison Capital, and Onigiri Capital, outlines growth prospects in asset tokenization.

Blockchain Wallets Support Rapid Expansion

According to a report by CoinDesk, the widespread blockchain wallet usage in the Philippines supports fast integration of tokenized assets into mainstream financial products. Platforms such as GCash, Maya, and Coins.ph already support embedded blockchain functions for easy digital asset storage and transfers.

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 groundwork for tokenized financial products. “We’re not starting from scratch,” said Gaba, adding that wallets already serve millions of users across the country.

Tokenized Bonds Lead Market Adoption

Tokenized government bonds are helping to open access to regulated products for low-income and retail investors. The Philippine Digital Asset Exchange has partnered with GCash to enable tokenized bond purchases from as little as 500 pesos. This has expanded participation, especially among those previously excluded from traditional bond markets.

Nearly half of government bond accounts are now in tokenized format, according to current data shared by PDAX. This shift is helping investors bypass banks and access products directly through mobile devices. The Bureau of the Treasury has confirmed widespread participation since the distribution began through digital platforms.

Treasurer of the Philippines Sharon P. Almanza said this collaboration brings public assets directly to Filipino hands. She stated, “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.

Equities and Funds Could Drive Future Growth

The tokenized market could reach $60 billion by 2030, with public equities projected at $26 billion. Government bonds could contribute $24 billion, while mutual funds may add $6 billion to the total estimate. This forecast relies on digital platforms enabling broader 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 individuals. Current infrastructure allows for quick deployment of tokenized offerings to users already familiar with digital tools. The research from Project Bayani reflects current trends rather than speculative projections. The Philippine Digital Asset Exchange plans to use real-time engagement and data from existing user bases to guide implementation.

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