PDAX Closed $50 Million Series B Funding Round Led by Tiger Global

TokenInsight news, PDAX, a cryptocurrency exchange in the Philippines, closed a $50 million Series B round led by Tiger Global with participation from Kingsway Capital, Jump Capital, Draper Dragon and others. The funds raised will be used to build regulated plug-and-play solutions for metaverse applications, fintech, and digital banking apps. Previously, PDAX closed a $12.5 million round of funding in August 2020 led by BC Group with participation from CMT Digital, Beenext Ventures and Ripple.