In an atmosphere of uncertainty in the global financial market, a report from PDAX (Philippine Digital Asset Exchange) has thrown a significant signal to the industry:
> The 'asset tokenization market' in the Philippines could grow to $60 billion by 2030.
This is not the vision that Web3 proclaims itself, but the first national-level white paper jointly launched by cryptocurrency exchanges, government departments, and financial investment institutions.
More importantly, it reveals a phenomenon that is far more significant than the numbers.
> The people of the Philippines are skipping the traditional financial system and directly entering Web3.
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14% of the population in the Philippines already holds cryptocurrency.
(In contrast: only 2.4% hold stocks, and less than 1% hold bonds)
This is the data worth noting.
It represents one thing:
> In emerging markets, Web3 is not a 'speculative option,' but the 'first usable financial tool.'
The reason is simple:
Difficult to obtain a bank account
Account opening, documentation, and minimum capital thresholds are not user-friendly
Most people have low incomes, but they are already a mobile-native generation
Cryptocurrencies are easier to obtain
The more amazing part is:
Half of the bondholders in the Philippines hold 'tokenized government debt.'
Not because people like blockchain, but because:
> They can buy government bonds for just $8.5 for the first time.
This is the true power of Web3:
It's not about high-flying discussions of the future, but about lowering the threshold to a level where ordinary people can participate for the first time.
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Why is this report worth the attention of the entire Web3 community?
Because it's not about telling a story, but showcasing a 'real-world successful case.'
1. Tokenized government bonds are already operating on a large scale
PDAX and GCash (which occupies 89% of the national e-wallet market) cooperate to tokenize government bonds and then directly place them in the App.
The result is:
A large number of unbanked people have access to investment tools for the first time
Low threshold (about $9)
Digitization + automation make buying and redeeming super convenient
The government can also complete bond distribution faster and at lower costs
This is not some 'air RWA.'
This is a government officially on-chain asset.
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Why did they choose 'tokenization' instead of creating a financial App?
The reason is clear:
The infrastructure of traditional finance is too old, too slow, and too expensive.
To achieve:
Starting from $1
Instant deposit
Transparent and verifiable
24/7
Direct operation in mobile App
Only blockchain can meet all these requirements simultaneously.
This is also the reason why RWA (Real World Asset tokenization) has suddenly become popular globally this season:
It's not speculation behind it, but 'efficiency.'
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This report could become a 'chain reaction' in Southeast Asia
Southeast Asia has a young population, high smartphone penetration, but low financial coverage.
The situation is very similar to how China jumped directly from PC to mobile payments in the 2000s, without going through the PC era.
The same thing is happening:
> Thailand → Vietnam → Indonesia → Philippines
They are all entering the Web3 investment world directly using their phones.
And the launch of this report is equivalent to telling governments around the world:
'Tokenization is not an experiment, but an upgrade of financial infrastructure.'
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What is the greater significance of this for the crypto market?
1. New sources of funding
Southeast Asia has a population of 680 million.
Just 5% adoption means over 34 million users, equivalent to a 'new Korean + Japanese market.'
2. RWA is not a concept, but a real demand
The market has already proven:
The public is willing to buy
The government is willing to cooperate
Institutions are willing to join
3. The role of cryptocurrency is being redefined
It's not a speculative tool
But rather:
> Public financial infrastructure available globally
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RWA is becoming a new consensus in global finance
The next wave of Web3 bull market will not start from speculation, but from 'tokenization.'
Because:
It has government demand
There is institutional demand
There is user demand
Quantifiable, actionable, with real returns
Can create new economic models (small investments, cross-border investments, etc.)
We have already seen the future direction from the case of one country:
> Rapid digitization of the financial industry = Blockchainization.
RWA = The first investment entry point for a new generation of citizens.
