Global: DigiFT Achieves Recognition from the Monetary Authority of Singapore

DigiFT, a digital assets exchange, is delighted to announce its recent achievement of obtaining a Capital Markets Services (CMS) license and being acknowledged as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS).

The CMS license empowers DigiFT to engage in the regulated activity of dealing in capital markets products, specifically securities or units in a collective investment scheme (CIS) in Singapore. This includes facilitating the issuance of security tokens. Additionally, as an RMO, DigiFT gains the authority to operate an organized market for secondary trading of security tokens on the public blockchain.

Established in 2021, DigiFT holds the distinction of being the first exchange featuring an Automatic Market Making (AMM) mechanism to gain admission into the MAS FinTech Regulatory Sandbox. Built on the Ethereum blockchain, DigiFT’s platform provides secondary trading liquidity for security tokens backed by tangible assets like bonds, equities, and collective investment schemes through its innovative AMM. Investors can seamlessly subscribe, trade, and redeem on-chain assets using fiat currency or stablecoins, accessible via the DigiFT website or mobile app.

Henry Zhang, Founder & CEO of DigiFT, expressed, “Securing both the CMS license 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 an RMO, in the intersection of finance and blockchain technology, including the tokenization of real-world assets.”

With plans to extend the availability of its mobile app across various regions, DigiFT aims to enhance the user experience for investors. This includes introducing features like on-chain proof-of-asset disclosure and cross-chain deployment. Leveraging the team’s profound expertise in finance and blockchain technology, DigiFT not only facilitates access to regulatory-compliant on-chain real-world assets but also collaborates with issuers to expand its product offerings. The company envisions bridging the gap between digital assets and traditional finance through responsible innovation.

Henry added, “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 honored 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.”