PH crypto exchange PDAX raises $35m from Tiger Global, closes Series B at over $50m

PDAX chief executive Nichel Gaba

Editor’s note: An earlier version of this story pegged Tiger Global’s latest investment in PDAX at $28.93 million and the Series B funds it has raised so far at $41 million based on regulatory filings. The company has clarified that the funding also includes “other financial instruments,” which brings Tiger Global’s investment to $35 million and the Series B funds raised to over $50 million.

New York-based investment firm Tiger Global Management has invested $35 million in cryptocurrency exchange Philippine Digital Asset Exchange (PDAX), the company’s founder Nichel Gaba told DealStreetAsia.

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