Asia Digital Asset Exchange (ADAX) was awarded an Offshore Virtual Currency Exchange (OVCE) License from the Philippines’ Cagayan Economic Zone Authority. Receiving this license is a major step forward for ADAX Tech as they launch their fully regulated asset backed token issuance and exchange platform. The OVCE License enables them to help companies create and list asset backed tokens on the ADAX platform.
CEZA’s Administrator and CEO, Secretary Raul Lambino said, “As CEZA moves towards playing a major role in the evolution of the financial world regarding crypto trading and issuance of securitized digital assets, we are pleased to announce and welcome the ADAX Tech Limited team as an OVCE license holder within the Cagayan Economic Zone Authority. ADAX Tech operates as a security token issuance platform and security trading exchange and will contribute a wealth of experience and knowledge to our highly professional crypto trading community. We wish them luck, and welcome again to CEZA!”