SINGAPORE/MANILA – OCTOBER 15, 2025 – Codex, a high-throughput, EVM-equivalent Layer 2 blockchain purpose-built for stablecoin-native payments, FX, and settlement, today announced a partnership with PDAX, the leading regulated digital assets exchange in the Philippines. Through this partnership, Codex will assist PDAX in streamlining remittance flows into the Philippines by providing stablecoin swaps via Codex Avenue and settlement through Codex Chain.
“The US-Philippines corridor is one of the largest cross-border payment routes in the world. Stablecoins such as USDC help people send money to their families quickly and at lower cost. We are proud to support PDAX with stablecoin liquidity management as they meet those needs,” said Haonan Li, Co-founder and CEO of Codex.
Codex Avenue extends Codex Chain with a global liquidity and FX hub that powers seamless fiat on/offramps and stablecoin swaps across chains and geographies. Together, Codex Chain and Codex Avenue form a purpose-built ecosystem designed to connect stablecoins with the real economy. Its capabilities include:
- Cross-border payments – instant, low-cost settlement for remittances, merchants, and enterprises.
- Institutional settlement – predictable, compliant, and final settlement rails for financial institutions.
- On and offramps – connectivity with local banking systems for conversion between stablecoins and fiat.
- Corporate treasury management – tools to hold, transfer, and program liquidity across jurisdictions.
“Our mission has always been to empower Filipinos with better access to financial opportunities. By working with Codex, we can enhance remittance services, making it easier and more cost-effective for Filipinos to send money to their families,” said Nichel Gaba, CEO of PDAX.
Codex’s mission is to blur the lines between traditional and onchain finance, and with every new client, every new use case, and every market, that vision comes closer to reality. Learn more at https://www.codex.xyz/
About Codex
Codex Chain is a high-throughput Ethereum Layer 2 purpose-built for stablecoin payments and settlement at scale, with in-built primitives for fiat-to-crypto transactions, compliance, identity, and native FX. Codex Avenue extends Codex Chain with a global liquidity and FX hub that powers seamless on/offramps and stablecoin swaps across chains and geographies. Together, Codex Chain and Codex Avenue form a purpose-built ecosystem designed to connect stablecoins with the real economy.
About PDAX
PDAX is a trusted digital assets platform in the Philippines, providing users with secure and easy-to-use access to various digital assets. Through the PDAX app, users can easily buy and sell major cryptocurrencies and invest in tokenized bonds through its partnership with bonds.ph Inc. (acting as the securities broker-dealer).
PDAX is committed to providing Filipinos the opportunity to embrace innovations in finance while ensuring security, accessibility, and reliability.