Philippines Aims to Access $60 Billion Market through Tokenized Assets by 2030
Tokenized Asset Market Growth: The Philippines aims to establish a $60 billion tokenized asset market by 2030, driven by the Philippine Digital Asset Exchange (PDAX) and major digital wallets, with projections indicating significant contributions from public equities, government bonds, and mutual funds.
Democratization of Investments: Tokenization is making investments more accessible, with government bonds now available for as low as ₱500, allowing over 14% of Filipinos who already use crypto to engage in traditional financial products through blockchain technology.
Blockchain Integration for Financial Inclusion: The partnership between the Bureau of the Treasury, PDAX, and GCash exemplifies efforts to broaden retail access to financial instruments, positioning tokenized assets as a primary investment option for many Filipinos by 2030.
Innovative Financial Solutions: The Philippine government has also launched a blockchain-powered document notarization system, highlighting the country's commitment to integrating blockchain technology into various financial services.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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