fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Tech Cryptocurrency

PH crypto exchange PDAX scores $50m in Series B

Team AsiaTechDaily by Team AsiaTechDaily
14 February 2022
in Cryptocurrency, Featured
0
PDAX

PDAX founder and CEO Nichel Gaba

52
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Philippine-based crypto exchange platform PDAX (Philippine Digital Asset Exchange) announced that it raised more than $50 million in its Series B fundraising round led by Tiger Global.

Kingsway Capital, Jump Capital, Draper Dragon, Oak Drive Ventures, DG Daiwa Ventures, Ripple, and UBX Ventures also participated in the funding round

In August 2021, PDAX began raising Series B fundraising with a $12.5 million round.

PDAX is a central bank-licensed digital asset trading platform founded in 2018 by CEO Nichel Gaba. It offers Filipinos a “secure, easy-to-use” platform for buying and selling digital assets as well as participating in metaverse applications.

The app was officially introduced in the Philippines in 2019 and is available on the web, as well as on iOS and Android devices.

Bonds.ph was launched in 2020 by PDAX in collaboration with the Bureau of the Treasury and Unionbank. Retail investors can buy in government bonds using this blockchain-enabled app on their mobile devices.

“Crypto is the most transformative technology we’ve seen since the internet. The Philippines already sees applications in play-to-earn games, NFT projects, cross-border remittance, trading and investment,” said Gaba.

The Series B funds will be used to create a secure and accessible infrastructure for the digital asset economy.

He added that today, PDAX enables payments in and out of metaverse applications, as well as the exchange of crypto and fiat currency.

However, Gaba said there is still much work to be done in terms of infrastructural development. in the midst of changes that will improve everyone’s access to digital assets safer, easier, and more efficient.

As the market matures, PDAX will continue to collaborate with regulators to guarantee that all of these technologies protect and benefit consumers.

PDAX believes that blockchain technology and digital assets will level the playing field, allowing Filipinos from all walks of life to grow their wealth.

The Philippines has a population of over 100 million people, however, the majority of them do not have easy access to financial services.

Tiger Global Partner Alex Cook stated PDAX is making cryptocurrency more accessible to millions of Filipinos.

Previous Post

Indonesia’s FinTech API provider Brick raises US$8.5 million in its Seed Funding Round

Next Post

Singapore’s digital wallet HolyWally raises US$1.4 million in fresh funds

Related Posts

edit post
Auros
Featured

Trading platform Auros receives $17m in latest funding round

March 27, 2023
edit post
Gaspack
Featured

Gaspack scores additional funding from eMerge, Arise

March 27, 2023
edit post
Korean startup AITest.AI has established itself as a market leader in training to meet the growing demand for education in AI system testing. Recently, AITest.AI launched an innovative AI-testing training course on Udemy, a global e-learning platform, and has attained the topmost position in this field.
AI & Big Data

AITest.AI Emerges as Global Leader in Artificial Intelligence System Testing Training

March 24, 2023
edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
Next Post
edit post
HolyWally

Singapore’s digital wallet HolyWally raises US$1.4 million in fresh funds

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback