Philippines PDAX launches "Project Bayani" aiming to tokenize $60 billion in assets by 2030
According to ChainCatcher, citing a report from CoinDesk, the Philippine digital asset exchange PDAX has released a white paper titled "Project Bayani," projecting that the country's asset tokenization market will reach $60 billion by 2030, covering areas such as public equities, government bonds, and mutual funds.
PDAX and GCash have already promoted the tokenization of government bonds, allowing nationwide retail investors to participate with a minimum threshold as low as $8.5, with more than half of the accounts choosing to hold in tokenized form.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kratos Defense EVP, CFO Deanna H. Lund sells USD 341,999.11 in common shares
The US Treasury repurchases $6 billion in ultra-long-term bonds: three times the amount planned for early August, with the 30-year yield still reaching its highest level since 2007.
The United States will repurchase up to $6 billion worth of long-term government bonds.
Warning of AI credit risk, Moody's: The off-balance sheet commitments of the five major US giants have increased eightfold in three years, soaring to $2.8 trillion.
According to a report by Moody’s Ratings, the five companies Amazon, Microsoft, Google, Meta, and Oracle collectively bear about $2.8 trillion in off-balance-sheet obligations related to AI. Among these, lease commitments exceed $1 trillion, purchase commitments total $1.57 trillion, and guarantees amount to $137 billion. This figure represents explosive growth compared to $350 billion in 2023. Moody’s analysts noted that the pace of growth for these commitments is even more noteworthy.
Crypto prices
More
