BitMEX Ventures has announced it has invested in Philippine Digital Asset Exchange (PDAX). The cryptocurrency exchange offers access to financial services that might be otherwise not available to those living in the Philippines. The exchange is licensed by the Philippines central bank Bangko Sentral ng Pilipinas (BSP).
“Through digital assets and blockchain, we want to even the playing field to give every Filipino from all walks of life the ability to grow their hard-earned wealth,” said co-founder and CEO of PDAX Nichel Gaba. “With the support of BitMEX and by leveraging blockchain technology, we hope to create a digital financial market that is accessible to everyone.”
The investment will allow PDAX to create a marketplace for both digital assets; it is planning to offer trading in tokenised commodities, real estate equities, and debt securities.