Philippine Securities and Exchange Commission (SEC) Commissioner Kelvin Quevedo has voiced support for tokenized assets as a mechanism to protect the country's 110 million citizens from fraudulent investment schemes, as reported by The Currency analytics.
In a recent statement, Quevedo highlighted that tokenization — the process of representing real-world assets as digital tokens on a blockchain — could offer transparency and traceability, making it harder for scammers to operate. He emphasized that leveraging this technology could restore investor confidence and reduce the prevalence of scams that have victimized many Filipinos.
The SEC official's endorsement comes amid broader efforts by Philippine regulators to foster a safe and innovative digital asset ecosystem. If implemented, tokenized assets could provide a regulated alternative to unlicensed investment schemes, potentially benefiting millions of retail investors across the archipelago.