Philippine SEC Signals Readiness for RWA Tokenization, Eyeing Investor Protection
Philippine SEC Signals Readiness for RWA Tokenization, Eyeing Investor Protection
The Philippine Securities and Exchange Commission (SEC) is preparing to embrace the tokenization of Real World Assets (RWAs). Commissioner Rogelio Quevedo highlighted that tokenized assets could provide legitimate investment avenues for Filipinos, helping to protect them from scams and fraudulent schemes.
Philippine SEC Open to RWA Tokenization
Philippine SEC Commissioner Rogelio Quevedo conveyed to Cointelegraph the commission's readiness to explore and potentially implement the tokenization of Real World Assets (RWAs). According to Quevedo, this initiative aims to broaden legitimate investment opportunities for the Filipino public, simultaneously serving as a crucial tool to divert potential investors away from illicit and scam-prone ventures within the financial landscape.