Singapore-based digital assets exchange, DigiFT, proudly announces the attainment of a Capital Markets Services (CMS) licence and recognition as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). These regulatory milestones empower DigiFT to conduct regulated activities related to securities and units in collective investment schemes (CIS) through the issuance of security tokens. Additionally, as an RMO, DigiFT gains the ability to operate an organized market for the secondary trading of security tokens on the public blockchain.
Established in 2021, DigiFT stands as the first exchange with an Automatic Market Making (AMM) mechanism to be admitted into the MAS FinTech Regulatory Sandbox. The platform, built on the Ethereum blockchain, facilitates secondary trading liquidity for security tokens backed by real-world assets, including bonds, equities, and collective investment schemes.
Key Highlights of the Announcement:
Henry Zhang, Founder & CEO of DigiFT, considers the attainment of the CMS licence and RMO recognition as a significant milestone in the journey to enable regulated access to financial opportunities on-chain. He emphasizes DigiFT’s dedication to responsible innovation in building the next generation of capital markets.
Singapore, recognized as a leading hub for financial services and technological innovation, provides a conducive environment for fintech breakthroughs. DigiFT expresses honor in receiving these licenses in one of the premier financial hubs and remains focused on responsible innovation to shape the future of capital markets.
DigiFT, admitted into the MAS FinTech Regulatory Sandbox, operates as a digital assets exchange dealing in on-chain real-world assets on the Ethereum public blockchain. The platform facilitates the issuance of blockchain-based security tokens and ensures continuous liquidity via an AMM. Established in Singapore in 2021, DigiFT is committed to meeting regulatory requirements while providing innovative financial solutions responsibly. The founding team brings extensive experience from Citi, Standard Chartered, Morgan Stanley, and the Shenzhen Stock Exchange, with deep knowledge of blockchain technology.
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