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The House of Representatives has officially recorded the filing of House Bill No. 4792, authored by Caloocan Rep. Edgar R. Erice, which seeks to establish a National Council on Digital Assets and Tokenized Investments (NCDATI).
This story first appeared on BitPinas, which obtained a portion of the bill that was filed.
Filed on September 23, 2025, the measure is titled “An Act to Create the National Council on Digital Assets and Tokenized Investments (NCDATI) for the Purpose of Establishing a National Framework for Real-World Asset Tokenization, Responsible Cryptocurrency Adoption, Stablecoin Utilization, Development of Local and Foreign Exchanges, Promotion of Decentralized Finance, and Retail Acceptance of Crypto Payments, Providing for Citizen Participation, Investor Protections, and for Other Purposes.”
A clear breakdown of the bill’s title reveals what it seeks to develop:
- Establish the National Council on Digital Assets and Tokenized Investments (NCDATI).
- Build a national framework for:
- Real-world asset tokenization (turning assets like real estate, commodities, or securities into digital tokens).
- Responsible cryptocurrency adoption (rules for safe use and integration of crypto in the economy).
- Stablecoin utilization (framework for the use of stablecoins).
- Development of local and foreign exchanges (supporting both domestic and international trading platforms).
- Promotion of decentralized finance (DeFi)
- Retail acceptance of crypto payments (making crypto usable in everyday transactions).
- Provide for citizen participation in the framework.
- Include measures for investor protections.
- A catch-all scope (for other purposes) means the bill leaves space for additional crypto and tokenization-related regulations as needed.
The bill is currently pending first reading. If passed, it will form the basis for a national framework covering cryptocurrency use, decentralized finance, exchange development, and retail crypto adoption in the Philippines.
In its explanatory note, the proposal underscores the dual nature of digital assets: while they bring financial access and innovation, they also expose Filipinos to scams and market volatility. It argues that regulation must be designed not to limit progress but to protect people, build trust, and attract investment into the Philippines’ digital economy.
This measure positions the country to capture part of Southeast Asia’s projected $1 trillion digital economy by 2030, with blockchain playing a role beyond finance in supply chains, digital identity, and cross-border trade.
HB 4792 now awaits its first reading in the House.
This is the 6th blockchain related bill in the Philippines’ 20th Congress. (Read more: List of Blockchain and Bitcoin Bills Filed in the Philippines)
This is a developing story: Philippines House Bill 4792 Seeks National Council on Digital Assets and Crypto Regulation
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