Samreen Ahmad · · 1 min readTiger Global leads $50m round of 🇵🇭 crypto exchange
Tiger Global has led a US$50 million series B round in cryptocurrency trading platform Philippine Digital Asset Exchange (PDAX), reported Fintech News Philippines.
The exchange, which is licensed by the country’s central bank, said that the funds will go towards building a safe and accessible infrastructure for the digital asset economy.
In 2020, PDAX teamed up with the Bureau of the Treasury and local financial giant UnionBank to launch Bonds, a blockchain-enabled app that allows investors to invest in retail treasury bonds.
“Today, PDAX facilitates the exchange of crypto and fiat currencies, and enables payments in and out of metaverse applications. We are in the middle of developments that will continue to make access to digital assets safer, easier and more efficient for everyone,” said Nichel Gaba, founder and CEO of PDAX.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
