PDAX Partners With OSL to Provide Institutional-Grade Digital Asset Services
Leading-edge SaaS implemented in less than 30 days
Manila and Hong Kong – 28 April 2020 – PDAX, the Philippines’ premier digital asset exchange, announced today that it has selected exchange Software-as-a-Service (SaaS) technology from OSL, Asia’s leading digital asset platform, to expand the range of services that it offers the Philippine market.
OSL worked with PDAX to implement the fit-for-purpose solution in less than 30 days by utilizing a structured approach and bespoke development, including rigorous scoping, project workshops, Proof-of-Concept (PoC) and testing.
PDAX selected OSL for its market-leading liquidity, speed and reliability, and compliance with institutional KYC/AML requirements and connectivity, which is in-keeping with PDAX’s commitment to operate at the highest industry standards.
OSL also held regular workshops with PDAX and created a proof-of-concept customized API integration to support its payment services.
“Everyone we worked with at OSL embodied the highest levels of professionalism and commitment to achieving sustainable results while exceeding expectations,” PDAX CEO and founder Nichel Gaba said. “This is reflected in the quality of the product and technology stack. These values mirror our own, and we’re happy to have partnered with OSL.”
“As a leading institutional-grade SaaS provider, OSL is thrilled to be working with PDAX, which is a first-mover as a licensed digital asset exchange in the Philippines,” OSL Head of Distribution and Prime Matt Long explained. “The partnership comes at an exciting time in the digital asset space, as licensed businesses are moving to the forefront and capturing market share away from unregulated players.”
PDAX was established in the Philippines in 2017, with the mission of bringing easy, accessible, and inclusive financial services to every Filipino. The company seeks to empower people from all walks of life to grow their wealth by providing the means to invest securely in digital assets.
As the country’s No. 1 homegrown cryptocurrency exchange, PDAX enables investors to trade digital assets in an open market directly with Philippine Peso (PHP) at the most competitive prices.
Licensed and regulated by the Bangko Sentral ng Pilipinas, PDAX is fully compliant with the country’s laws and regulations and maintains industry-leading standards of security.
PDAX allows anyone, anywhere to invest safely and securely in digital assets.