SINGAPORE--
DigiFT, a digital assets exchange, is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). A CMS licence will allow DigiFT to conduct the regulated activity of dealing in capital markets products that are securities or units in a collective investment scheme (CIS) in Singapore by facilitating the issuance of security tokens. As a RMO, it will also be able to operate an organised market for secondary trading of security tokens on the public blockchain.
Established in 2021, DigiFT is the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox. DigiFT’s platform is built on the Ethereum blockchain, offering secondary trading liquidity for security tokens backed by real-world assets such as bonds, equities and collective investment schemes, facilitated by AMM. Investors can subscribe, trade and redeem on-chain assets using fiat currency or stablecoins via its website or mobile app.
Henry Zhang, Founder & CEO of DigiFT said, “Securing both the CMS licence and RMO recognition is a significant milestone in our journey to enable regulated access to financial opportunities on-chain. As the first exchange on the public blockchain to use an AMM mechanism for secondary trading, we will continue to unlock innovations, as a RMO, in the intersection of finance and blockchain technology, including the tokenisation of real-world assets.”
The firm aims to expand the availability of its mobile app across different regions, as well as enhance investors’ user experience with features such as on-chain proof-of-asset disclosure and cross-chain deployment. In addition to providing access to regulatory-compliant on-chain real-world assets, DigiFT is also working with issuers to enhance its product offerings. Tapping on the founding team’s deep experience in finance and blockchain technology, DigiFT identifies opportunities to bridge the gap between digital assets and traditional finance, offering services backed by institutional-grade risk management.
“Singapore, a leading hub for financial services and technological innovation, has proven to be a conducive launchpad for fostering fintech breakthroughs. At DigiFT, we are honoured to have been awarded the license in one of the leading financial hubs, and we will remain focused on building the next generation of capital markets with responsible innovation,” Henry added.
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