UBX, the fintech venture studio and fund spun out of UnionBank of the Philippines, is opening its own public stake pool featuring Cardano. UBX becomes first in the world to run a public stake pool as a regulated institution. UBX Staking provides Filipinos a reputable and trustworthy source to earn rewards on their ada for helping to secure and operate the Cardano blockchain.
John Januszczak, President and CEO of UBX said, “The Philippines' adoption of cryptocurrency is opening opportunities for financial institutions to create reliable platforms that will guide and support Filipinos with their finances. UBX is fully committed to maximizing blockchain technology such as that of Bitcoin, Ethereum and Hyperledger. To further excel and maximize the potential of blockchain, we’re looking at emerging protocols like Cardano to connect traditional financial markets to the world’s most innovative Financial Operating System.”