Blockchain

Crypto Exchange PDAX Secures US$50 Million in Series B Led by Tiger Global

The Philippine Digital Asset Exchange (PDAX) announced that it has raised more than US$50 million in funding led by Tiger Global. Tiger’s investment completes the company’s Series B funding round which began with US$12.5 million in August 2021. Other investors include

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UnionBank Picks METACO and IBM to Set Up Its Digital Asset Custody Operations

The Union Bank of the Philippines has selected METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, to implement its digital asset management services. The bank will leverage METACO Harmonize which is its digital asset orchestration

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Dragonpay Taps TripleA to Offer Crypto Payments to Filipino Merchants

Philippines’ payments firm Dragonpay announced that it has partnered with TripleA to roll out crypto payments to thousands of merchants in the country. With the low penetration of credit cards and banking services in the Philippines, Dragonpay aims to bridge

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The Philippine Stock Exchange Wants To Offer Crypto Trading

The Philippine Stock Exchange (PSE) is awaiting a nod from regulators to start cryptocurrency trading, CNN has reported. PSE President and CEO Ramon Monzon believes that the bourse is ideal for crypto trading owing to its existing trading infrastructure and

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Philippines Central Bank Updates Guidelines Crypto Exchanges

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on virtual asset service providers (VASP) and entities that facilitate financial services through the conduct of virtual asset (VA) activities. The said guidelines amended the regulations

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UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion

UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenisation. The 3 and 5.25-year dual tranche issuance totaling

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Philippines Central Bank Joins Digital Currency Race

Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29. “We have to first look

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Philippines Launches Blockchain-Based App for Bond Investment with UnionBank and PDAX

The Philippine Bureau of the Treasury (BTr), together with Union Bank of the Philippines (UnionBank) and Philippine Digital Asset Exchange (PDAX), launches an app for the distribution of retail treasury bonds enabled by Distributed Ledger Technology (DLT). The app, called

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WWF and UnionBank Team Up for Financial Inclusion in Philippines Using Blockchain

Today the World Wide Fund for Nature (WWF) Philippines, UnionBank of the Philippines, and TX, announced the launch Tracey, an app for fisherfolk that will use blockchain technology for documenting and verifying catch and traceability data. The provided data can then be used by

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UnionBank and OCBC Pilots Blockchain Based Remittance from Singapore to the Philippines

UnionBank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform. Amid a

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