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DigiFT, a blockchain-based platform for tokenized real-world assets, has been granted a custodial license from the Monetary Authority of Singapore (MAS). This license enables DigiFT to offer custody services for tokenized assets on its platform, in addition to its existing regulated framework for trading security tokens and providing financial services.
Enhancing Security and Efficiency
With this new custodial license, DigiFT can now handle the entire lifecycle of blockchain-based security tokens, including issuance, trading, and storage, all within its platform. This integration of custody services is expected to enhance security and efficiency for both issuers and investors, ultimately paving the way for broader institutional adoption of tokenized assets.
“Obtaining the custodial license under our CMS framework is a key step in DigiFT’s mission to build a robust and fully compliant digital asset ecosystem. By integrating custody services into our existing regulated framework, we are enhancing both security and efficiency for issuers and investors while paving the way for broader institutional adoption of tokenized assets.”
About DigiFT
DigiFT is a Singapore-based fintech company that operates a regulated digital asset exchange. Founded in 2021, the company specializes in tokenizing real-world financial assets, such as private credit funds and money market funds. Its platform allows asset owners to issue blockchain-based security tokens, and investors to trade these tokens with continuous liquidity via an Automated Market Maker mechanism.
Recent Collaborations
DigiFT has recently announced several significant collaborations, including a partnership with Invesco to offer a tokenized version of a $6.3 billion private credit fund. This collaboration aims to provide accredited and institutional investors with access to Invesco’s private credit strategies through DigiFT’s platform.
Additionally, DigiFT partnered with UBS Asset Management to launch ‘uMINT,’ UBS’s first tokenized money market fund. This fund enables investors to access a tokenized version of UBS’s USD Money Market Investment Fund.
Key Benefits of Tokenization
Tokenization offers several benefits, including:
• Increased accessibility: Tokenization can make previously inaccessible assets available to a wider range of investors.
• Improved liquidity: Tokenization can provide continuous liquidity for assets that were previously illiquid.
• Enhanced transparency: Tokenization can provide real-time transparency and visibility into asset ownership and transactions.
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