The proposed VITRO REIT listing would be the Philippines’ first digital infrastructure REIT, amid a quiet Southeast Asia IPO market and increasing demand for data centre development.
Philippines’ Aboitiz Equity Ventures has agreed for BlackRock's Global Infrastructure Partners to take a 40% stake in Aboitiz InfraCapital; the Philippines government is ramping up infrastructure investment.
Tonik is the first digital-only bank in the Philippines with a banking licence from the BSP. Ukraine's Diligent Capital Partners, which is leading the pre-Series C funding round, has backed founder Greg Krasnov before.
Filipinos and Korean nationals will be able open bank accounts and access other financial services in the each other's respective markets, using credit records and a API.