SINGAPORE - DigiFT, a Singapore-based financial technology firm, has recently achieved significant regulatory milestones, securing a Capital Markets Services (CMS) license and Recognized Market Operator (RMO) status from the Monetary Authority of Singapore (MAS). This development, announced today, allows DigiFT to legally manage the issuance and facilitate secondary market liquidity for security tokens on the Ethereum blockchain.
The company, which has been part of MAS's regulatory sandbox since June 2022, is now authorized to handle on-chain securities and manage co-investment scheme transactions. With these accreditations, DigiFT can offer regulated financial activities on-chain, including the legal issuance and trading of digital securities within both primary and secondary markets.
Under the leadership of CEO Henry Zhang, DigiFT launched an Automated Market Maker (AMM) system in 2021. This system is designed to support liquid secondary markets for tokenized bonds, equities, and other assets.
The company's vision is to revolutionize regulated financial activities on-chain while enhancing user experience with innovative offerings. These include on-chain proof-of-asset disclosure and cross-chain deployment capabilities. The platform's future plans involve expanding the reach of its mobile application regionally and adding features that will improve the investment process for users globally.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.