PDAX Brings Liquid Staking Token JitoSOL to the Philippines
The Philippine Digital Asset Exchange (PDAX) has expanded its offerings by listing JitoSOL, a liquid staking token on the Solana network. This allows Filipino users to buy and sell the asset directly using Philippine Pesos, without navigating external decentralized finance (DeFi) protocols or unhosted wallets.
JitoSOL provides exposure to underlying SOL staking yields, block production incentives, and transaction fees, which accrue directly into the token's value relative to SOL over time. It is issued by Jito Network, which processes a significant portion of Solana's daily transaction volume.
PDAX Head of Retail Patrick Lao stated that this listing marks 'the next phase of digital asset adoption' and gives Filipino users another way to explore innovations being built on Solana through a regulated local platform.