- First-of-its-kind report benchmarks the country’s blockchain ecosystem against ASEAN-6
- Consumer awareness moving beyond crypto and P2E games
- 74% of Filipinos express confidence in blockchain security
- Report highlights blockchain’s potential for financial inclusion, digital transformation, and economic growth
MANILA, JUNE 10, 2025 – Gorriceta Africa Cauton & Saavedra, the Blockchain Council of the Philippines (BCP), Gobi-Core Philippine Fund (Gobi Partners), and Tether have officially launched the Philippine Blockchain Industry Report 2025—a landmark study capturing the country’s emerging blockchain ecosystem and its transformative potential beyond cryptocurrency.
The report offers strategic insights for regulators, investors, and startups aiming to harness blockchain’s power across various sectors, from digital finance to supply chains and sustainability. This report serves as a practical roadmap for policymakers, innovators, enthusiasts, and investors committed to scaling blockchain adoption in the Philippines within the framework of consumer protection and sustainable innovation.
While the country’s blockchain adoption is historically driven by cryptocurrency assets, the Report highlights a noticeable shift in perception and application of blockchain technology. Ranked 8th in the 2024 Global Crypto Adoption Index, the Philippines rose to global prominence partly due to the surge in play-to-earn (P2E) gaming. This attracted significant investor attention such as in the case of Yield Guild Games (YGG), a local startup, securing US$4.6 million in funding from Andreessen Horowitz.
Today, blockchain adoption in the Philippines is no longer confined to cryptocurrencies and gaming alone. Increasingly, Filipinos recognise its broader applications in areas like remittances, decentralised finance (DeFi), and even data security. In fact, 74% of survey respondents expressed confidence in blockchain’s security—an encouraging signal of rising trust and openness to broader use cases. Despite this momentum, challenges remain. The report reveals a significant gap between awareness and deep understanding. While 96% of Filipinos are aware of cryptocurrencies, only 28% are familiar with Web3, and more than half (53%) have yet to try any blockchain-based application. Regulatory focus is still heavily centred on crypto trading, leaving other innovative use cases relatively underserved.
Still, the growth curve is promising. The report shows strong early-stage adoption, with 40% of respondents having used blockchain for less than a year and 30% for one to two years. A rising number of Filipinos are also showing curiosity about blockchain’s integration with artificial intelligence (AI), Internet-of-Things (IoT), clean energy, and cybersecurity, signaling interest in next-generation applications.
To accelerate inclusive growth, the Philippine Blockchain Industry Report 2025 recommends five key actions:
- Broaden regulatory scope to support non-crypto use cases
- Establish sandboxes to promote safe innovation
- Strengthen public-private partnerships in education and policy
- Expand blockchain literacy and industry skills development
- Advance government adoption for digital IDs, land registries and logistics
Ecosystem leaders share their views
Donald Lim, President of DITO CME and Founding President of the Blockchain Council of the Philippines, said: “This report is more than a publication; it is a milestone in our collective journey to build a future-ready, digitally empowered Philippines. It reflects months of collaboration, research, and engagement with stakeholders across industries and sectors. From fintech to education, gaming to governance, the report highlights how blockchain is no longer just a buzzword. Blockchain is a transformative force already at work across the archipelago.”
Mark Gorriceta, Managing Partner at Gorriceta Africa Cauton & Saavedra, stated that “As the regulatory environment continues to evolve, it is critical that we take a proactive and inclusive approach to shaping blockchain policy. This report is both a diagnostic and a roadmap—offering legal, technological, and economic perspectives to help build a secure, innovative, and future-ready digital ecosystem in the Philippines. We are honoured and deeply grateful for the opportunity to contribute to this landmark initiative. It reflects our firm’s commitment to advancing emerging technologies through sound regulation and strategic collaboration.”
Carlo Chen-Delantar, Partner at Gobi-Core Philippine Fund and Head of ESG & Circular Economy at Gobi Partners, said: “This report is more than a publication; it is a milestone in our collective journey to build a future-ready, digitally empowered Philippines. It reflects months of collaboration, research, and engagement with stakeholders across industries and sectors. From fintech to education, gaming to governance, the report highlights how blockchain is no longer just a buzzword. Blockchain is a transformative force already at work across the archipelago.”
Access the full report: gorricetalaw.com/philippine-blockchain-report-2025
