DigiFT

Singapore, Singapore, April 8th, 2024, Chainwire DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option for investors interested in exploring alternatives within the crypto space. According to the company, the launch of DMMF token comes at a time when the demand for…

Singapore, Singapore, March 25th, 2024, Chainwire DigiFT, the first licensed exchange for on-chain real-world assets, announced the launch of the first ever U.S. Treasury Bill depository receipt tokens that represent direct beneficial ownership in the underlying U.S. Treasury Bill. Depositary receipts (DR) are a well-tested structure in traditional finance and was first introduced in the late 1920s when J.P. Morgan created the first American Depositary Receipt (ADR) to facilitate trading of the shares of British retailer Selfridges on the New…

DigiFT, a Singapore-based decentralized exchange (DEX) for asset-backed tokens (STO), has completed a Pre-Series A funding round, securing US$10.5 million. The investment round was led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. Shanda Group’s business is segmented into four units: Private Equity (Venture Capital) Investments, Public Market Investments, Real Estate, and Natural Resources. Other investors included HashKey Capital, a multi-stage global venture capital firm investing in visionary…