Banking Innovation trailblazer Union Bank of the Philippines (UnionBank) recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). This makes UnionBank the first and only universal bank in the Philippines, licensed to offer virtual asset exchange services. UnionBank celebrated the landmark achievement during the ceremonial presentation of the license to UnionBankers last September 27 at UnionBank Plaza in Pasig City.