What PDAX does

PDAX (Philippine Digital Asset Exchange, Inc.) is a Bangko Sentral ng Pilipinas (BSP)-regulated digital asset platform headquartered in Taguig, Philippines, operating a multi-product ecosystem serving retail crypto traders, conservative bond investors, high-volume OTC clients, and B2B enterprise partners. The company runs a vertically integrated exchange offering trading across 100+ tokens, tokenized government securities, digital gold, and NFT collectibles, with wholly-owned subsidiary PDAX Securities (formerly Bonds.PH) acting as the broker-dealer for fixed-income products and Mintoo hosting the NFT marketplace. PDAX's regulatory posture is unusually broad for the region, holding BSP VASP, EMI, and RTC licenses plus SEC and AMLC registrations, and an NPC privacy registration.

The technology stack centers on a blockchain-enabled exchange supporting direct PHP trading pairs and multi-chain deposits/withdrawals across Ethereum, Solana, Polygon, and Stellar. Proprietary product features include cost-averaging automation, limit orders, P&L tracking, and a Hold-and-Earn program offering up to 11% APY on USDC/USDT holdings. PDAX Prime adds an OTC desk with dedicated relationship managers for high-volume clients, while PDAX Platform Solutions (CAAS) exposes enterprise-grade APIs and white-label infrastructure to banks, e-wallets, and fintechs integrating tokenized asset functionality. The platform also powers tokenized Retail Treasury Bonds (RTBs) and Treasury Bills (T-bills) via a partnership with the Philippine Bureau of Treasury, lowering entry points to PHP 500 versus traditional minimums.

Revenue is generated primarily through transaction fees and spreads on retail crypto trading, with secondary streams from OTC desk spreads on Prime block trades, licensing/royalty fees from CAAS white-label deployments, conversion spreads on stablecoin-to-PHP remittance flows, and commissions on tokenized bond transactions through PDAX Securities. The go-to-market is hybrid: product-led growth drives retail onboarding through a self-serve mobile app (iOS, Android, Huawei) and web platform, while PDAX Prime and CAAS deploy enterprise sales motions targeting family offices, fintechs, and payment providers. Distribution is amplified through embedded partnerships with GCash (tokenized bonds), GrabPay (crypto cash-in via Triple-A), Investagrams (trading access), and Toku (stablecoin payroll), extending reach into user bases without direct acquisition cost. Total disclosed venture funding is approximately $62.5 million across a 2021 round ($12.5M) and a 2022 Series B ($50M led by Tiger Global).

Name

PDAX

Legal name

Philippine Digital Asset Exchange (PDAX), Inc.

Website

https://pdax.ph

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

PDAX is a BSP-licensed Philippine digital asset exchange serving retail traders, institutional OTC clients, and B2B fintech partners with crypto trading across 100+ tokens, tokenized government bonds, digital gold, and enterprise white-label infrastructure.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Crypto Derivatives Exchanges (Futures, Options & Perpetuals) (FSADAAAD)

Keywords

• Cryptocurrency exchange
• Digital asset trading
• Tokenized government bonds
• Crypto remittance services
• Digital gold investment

Headquarters

HQ city

Taguig

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Crypto Trading Fees: Transaction fees charged on cryptocurrency buy/sell orders executed on the platform. Revenue generated from spread between bid/ask prices and maker/taker fees on trades.
2. Tokenized Asset Trading: Revenue from trading tokenized government bonds (RTBs, T-bills) and digital collectibles (NFTs) facilitated through broker-dealer subsidiary PDAX Securities and Mintoo marketplace.
3. OTC Trading Services: Premium OTC desk services for high-volume traders with minimum trade sizes of PHP 1M (regular tokens) or PHP 250k (OTC-exclusive tokens). Revenue from spreads and fees on large block trades for Prime members.
4. Platform Solutions (CAAS): Enterprise API and white-label licensing fees from financial institutions, payment providers, and fintech platforms integrating PDAX's tokenized asset infrastructure. Revenue from API access, liquidity provision, and partner arrangements.
5. Stablecoin Services: Services enabling stablecoin payroll, remittances, and cashouts for remote workers and businesses. Revenue from conversion spreads and transaction fees on stablecoin-to-fiat conversions.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels6 records

Core offering

PDAX operates a BSP-licensed digital asset exchange platform that enables Filipinos to buy, sell, and trade 100+ cryptocurrencies with direct PHP pairing, invest in tokenized Philippine government treasury bonds (RTBs and T-bills) starting at PHP 500, and access digital gold and NFT collectibles. The company also provides enterprise-grade APIs (CAAS) for white-label tokenized asset integration, premium OTC trading via PDAX Prime for high-volume clients, and stablecoin-based remittance and payroll services.

Product overview

PDAX (Philippine Digital Asset Exchange) operates as a unified multi-product digital asset platform offering cryptocurrency trading (100+ tokens), tokenized government bonds via PDAX Securities, digital gold (PDAX Gold), and NFT collectibles (Mintoo). The core exchange is complemented by premium services (PDAX Prime with OTC trading), B2B platform solutions (PDAX Connect/CAAS), remittance services, and educational content (PDAX Learn). The ecosystem enables users to trade, invest, and transfer digital assets with fiat currency (PHP) integration.

Differentiator

Problem solved

Functional benefit

Brands

• PDAX Securities: Broker-dealer subsidiary formerly known as Bonds.PH Inc., facilitating tokenized government bonds and fixed-income securities trading on the platform.
• Mintoo
• PDAX Prime
• PDAX Gold

Products and services

• Crypto Trading Platform Core cryptocurrency exchange feature supporting trading of 100+ tokens including Bitcoin (BTC), Ethereum (ETH), and various altcoins with direct PHP pairing, real-time price charts, price alerts, limit orders, and cost averaging features. Aimed at Filipino retail traders and investors.
• Tokenized Government Bonds (Project Bayani) Digital investment in Philippine government treasury bonds including 91-day Treasury Bills and Retail Treasury Bonds (RTBs) with quarterly interest payments, facilitated through PDAX Securities broker-dealer subsidiary. Entry point as low as PHP 500 with quarterly interest (RTBs) or at-maturity returns (T-bills). Targeted at conservative Filipino investors seeking low-risk fixed-income exposure.
• PDAX Prime Premium tier service offering no transaction limits, Treasury OTC trading desk for large-volume trades at competitive rates, dedicated relationship manager, personalized group chat support, and exclusive training sessions. Minimum trade size PHP 1M for standard tokens and PHP 250k for OTC-exclusive tokens. Targeted at wealthy individuals, family offices, and corporate entities executing significant crypto trades.
• PDAX Gold Digital gold investment feature allowing users to buy fractional gold-backed assets starting at PHP 500, using Tether Gold (XAU) as underlying tokenized backing denominated in grams. Tradable 24/7. Targeted at Filipino retail investors seeking gold exposure.
• Mintoo (NFT Collectibles Marketplace) Digital collectibles marketplace integrated within the PDAX mobile app for discovering, collecting, and trading NFTs and unique digital collections from Filipino brands, creators, and communities. Targeted at Filipino collectors and creators interested in digital collectibles.
• PDAX Platform Solutions (CAAS) B2B white-label Crypto-as-a-Service platform enabling financial apps, payment providers, e-wallets, remittance companies, and fintech platforms to integrate tokenized asset solutions including crypto trading, stablecoin services, remittances, and treasury management via enterprise-grade APIs. Includes licensed VASP infrastructure, wallet services, and liquidity aggregation network of over 20 global providers. Targeted at banks, e-wallets, payment providers, remittance companies, and fintech platforms.
• PDAX Remittance Remittance and transfer service enabling cross-border money transfers and stablecoin payroll solutions for remote workers and OFWs, with conversion to PHP and payouts to local bank accounts and e-wallets. Powered by stablecoin settlement rails and partnerships with Toku and Codex Network. Targeted at remote work employers and Filipino overseas workers.
• Hold and Earn Program Yield program offering up to 11% APY on USDC and USDT stablecoin holdings, with rewards credited monthly based on held asset amounts and duration. Targeted at retail holders seeking yield on stablecoin balances.
• PDAX Learn (Educational Content) Educational platform providing articles, guides, and market news including PDAXScope covering crypto market updates, token analysis, and beginner-level content. Free to all users as a top-of-funnel acquisition channel.

Quantifiable outcome

• Users can invest in government bonds starting at PHP 500
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Talino (Fintech Foundry)coreStrategic or Co-development Partner · 1 March 2026Partnership with Manila/LA-based fintech foundry to facilitate global payments and provide localized settlement in Philippines. Talino builds cross-border payment infrastructure using PDAX for stablecoin transfers between US and Philippines.
• Boy Abunda (Media Personality)minorGTM or Marketing Partner · 1 February 2026Veteran talk show host hosts 'Tara, Bonding Tayo!' video series on PDAX's platform to promote financial literacy and investment awareness among Filipinos.
• Stripe (Bridge)coreTechnology or Integration · 1 December 2025PDAX joined Stripe's Tempo blockchain testnet to enable low-cost financial services. Partnership with Bridge (Stripe company) facilitates stablecoin-enabled transfers.
• TokucoreStrategic or Co-development Partner · 1 November 2025Partnership enabling remote workers and contractors in the Philippines to receive salaries in stablecoins. Toku's global payroll infrastructure integrates with PDAX's compliant cashout rails for real-time stablecoin settlements and PHP conversion to local bank accounts and e-wallets.
• GrabPay / Grab PhilippinescoreChannel Partner/ Reseller/ Distributor · 1 July 2025Partnership with Triple-A enabling GrabPay users to cash in/top up cryptocurrency through their GrabPay wallets. Users can convert crypto holdings for use within Grab's ecosystem.
• Bureau of Treasury (Philippines)coreStrategic or Co-development Partner · 1 January 2025Government partnership enabling PDAX to offer tokenized government bonds. Bureau of Treasury issues blockchain-based bonds (GBonds) distributed through PDAX and GCash.
• PayPal and Cebuana LhuillierminorStrategic or Co-development Partner · 1 December 2024Partnership enabling PYUSD to Peso conversions in PayPal ecosystem. PDAX powers conversions allowing users to seamlessly move between PayPal USD and Philippine pesos.
• GCashcoreChannel Partner/ Reseller/ Distributor · 1 November 2024Distribution partnership enabling GCash users to access tokenized government bonds via the GBonds platform. Bureau of Treasury partnered with GCash and PDAX to distribute tokenized government bonds to millions of users.
• InvestagramscoreChannel Partner/ Reseller/ Distributor · 1 August 2024Strategic partnership making cryptocurrency trading more accessible by integrating PDAX services into Investagrams platform serving Philippine investors.

Scale indicators8 records

Recent moves6 records

Expansion highlights8 records

Broad incumbents

• Gemini: US-regulated crypto exchange and custodian known for compliance-first positioning and institutional services; comparable to PDAX on regulated retail trading and on the institutional/Prime tier.
• UnionBank of the Philippines: Universal bank and UBX (its venture fund) investor in PDAX that has built crypto-backed services, a digital-only branch (UnionDigital), and BSP-regulated digital asset capabilities — competing with PDAX at the institutional and tokenization rails layer.
• Binance: World's largest crypto exchange by volume, accessible to Filipino retail users via P2P and offshore channels; competes on token breadth, liquidity, and brand while lacking PDAX's local BSP VASP license and PHP fiat rails.
• Coinbase: US-listed, publicly traded crypto exchange and custodian with global brand recognition; a benchmark peer on regulated retail trading, custody, and institutional services, and a direct partner of PDAX via the Coinbase Wallet/Base integration.
• Kraken: Established global crypto exchange with strong regulatory positioning and OTC desk serving institutional and high-net-worth clients; comparable to PDAX Prime on OTC and to PDAX's core exchange on regulated spot trading.
• Crypto.com: Global crypto exchange and app offering spot trading, staking/yield, card, and on-ramp services with an Asia-Pacific marketing footprint; comparable on retail app, yield programs, and cross-sell of financial products.
• OKX: Large global spot and derivatives exchange with deep liquidity and Web3 wallet, frequently cited alongside Binance as a default offshore alternative for Filipino traders; competes on token listings, derivatives, and trading fees.

Direct peers

• Coins.ph: Leading Philippine crypto and payments platform offering BTC/ETH trading, e-wallet, and remittance services; the closest domestic direct competitor to PDAX with overlapping retail trading, on-ramp/off-ramp, and stablecoin remittance use cases for Filipino users.
• Maya Philippines (Maya Bank): Philippine digital bank and e-wallet that has added crypto trading capabilities alongside savings, payments, and credit, directly overlapping with PDAX's retail crypto, bonds, and cash-in/cash-out offerings within the same user base.

Emerging players

• GCash (Mynt / Globe Fintech Innovations): Dominant Philippine e-wallet and a PDAX distribution partner via GBonds; increasingly embedding crypto and tokenized-asset capabilities in-house, which positions GCash as both a partner and a long-term competitive threat to PDAX's retail trading volume.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/pdaxph
• LinkedInlinkedin.com/company/pdaxph

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds5 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PDAX