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DigiFT Secures Key Regulatory Approvals for Blockchain Operations

DigiFT achieves CMS license and RMO status in Singapore, enhancing digital securities trading on Ethereum blockchain.
Published on 2023-12-05

Regulatory Milestones for DigiFT

DigiFT, a prominent financial technology company in Singapore, has recently achieved critical regulatory approvals. The Monetary Authority of Singapore (MAS) has granted DigiFT a Capital Markets Services (CMS) license and Recognized Market Operator (RMO) status. These approvals empower DigiFT to manage the issuance and facilitate secondary market liquidity for security tokens on the Ethereum blockchain.

On-Chain Securities Management

Previously operating within MAS's regulatory sandbox since June 2022, DigiFT is now fully authorized to handle on-chain securities. This includes managing co-investment scheme transactions, enabling the legal issuance and trading of digital securities in both primary and secondary markets.

Innovative Market Solutions

Under the guidance of CEO Henry Zhang, DigiFT introduced an Automated Market Maker (AMM) system in 2021. This innovation supports liquid secondary markets for tokenized bonds, equities, and various assets. The company's strategic vision focuses on transforming regulated financial activities on-chain while enhancing user experiences.

Future Growth and Expansion

DigiFT aims to further enhance its offerings with on-chain proof-of-asset disclosure and cross-chain deployment capabilities. The firm plans to expand its mobile application regionally, adding features to simplify the investment process for global users. This expansion reflects DigiFT's commitment to revolutionizing the trading of digital securities and improving accessibility for investors worldwide.

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