Philippine Digital Asset Exchange (PDAX), a trading platform licensed by the Bangko Sentral ng Pilipinas (BSP), has received an investment from Union Bank of the Philippines (UnionBank), through its fintech subsidiary, UBX.

PDAX founder and CEO Nichel Gaba explained that the Philippines has a unique opportunity to leapfrog current infrastructural constraints and make financial products and services universally accessible to Filipinos.