Crypto exchange PDAX partners with UnionBank to push tokenized assets

Philippines-based bitcoin and cryptocurrency exchange PDAX (Philippine Digital Asset Exchange), which opened up to the public this past summer, announced it has formed a partnership with one of the leading financial institutions in the country, Union Bank of the Philippines (UnionBank), through their fintech subsidiary, UBX.

The strategic partnership aims to support and bring tokenized securities and other assets to PDAX.

“Technology enables prosperity for people as well as the economy. After all, what good is prosperity if there is no inclusion. This partnership will support the digital asset ecosystem of our nation and enable financial inclusion for Filipinos.”
– UnionBank President and CEO Edwin Bautista

PDAX (Philippine Digital Asset Exchange) is a digital asset exchange that is licensed by the Bangko Sentral ng Pilipinas (BSP). PDAX operates an order-book that enables users to buy and sell cryptocurrencies and other digital assets at globally competitive market prices directly with the Philippine Peso (PHP).

“It is clear that the future is digital. We are investing in infrastructure that makes this possible. A digital asset exchange where tokenized assets are traded is a key pillar of the future economy.”
– Arvie de Vera, Senior Vice President and Head of the Fintech Group of UnionBank

Earlier this year, PDAX partnered with BitMEX Ventures, the venture arm of the world’s leading cryptocurrency exchange, BitMEX, to highlight its commitment to advance financial inclusion and accessibility through cryptocurrency trading. Prior to the BitMEX partnership, PDAX also joined forces with ConsenSys Ventures to help drive accessible investing for all Filipinos and provide a more inclusive trading platform for everyone.

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