Only around 0.01 percent of trillion-pesos worth of government securities are currently tokenized, thus National Treasurer Sharon Almanza expressed optimism about a big leap as she hopes that more people invest in these mode of growing their funds.

In an interview after the launch of the white paper dubbed “Project Bayani: The Philippines’ Asset Tokenization Opportunity” in Taguig City on Thursday, Almanza said only around PHP1 billion worth of government securities, offered through bonds.ph mobile app, is currently tokenized, or in digital token form available on a blockchain.

The white paper, launched by the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital, estimates the country’s tokenized-asset market, which include government bonds, mutual funds, and equities among others, to reach USD60 billion by 2030.

According to the research, about 14 percent of Filipinos already own cryptocurrencies, higher than the less 5 percent who invest in stocks, bonds, and mutual funds funds.

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Via pna.gov.ph