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philippine digital asset exchange pdax has raised more than 50 million dollars in a funding round led by u s investment firm tiger global management as the cryptocurrency exchange looks to make virtual assets more accessible in the southeast asian country ubx the venture fund of union bank of the philippines which counts one of the countryamp;#39;s richest clans the aborigi family as its largest shareholder has taken part in the financing round dak said in a statement on thursday other investors include kingsway capital jump capital u s blockchain payments from ripple and dg daiwa ventures the investment company jointly established by japanamp;#39;s daiwa securities group and digital garage among others today dax facilitates the exchange of crypto and fiat currencies and we are in the middle of developments that will continue to make access to digital assets safer easier and more efficient for everyone tiger global led another 12 5 million funding round and tax last august in