DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore

The post DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore appeared on BitcoinEthereumNews.com. DigiFT, a digital assets exchange, was admitted into the Monetary Authority of Singapore FinTech Regulatory Sandbox in June 2022 for dealing in capital markets products by facilitating the issuance of security tokens, and for operating an organised market for secondary trading As a Capital Markets Services licence holder and a Recognised Market Operator, DigiFT is poised to scale its services in both primary market origination and distribution, as well as secondary market trading for on-chain real-world assets tokens that are securities or units in a collective investment scheme SINGAPORE–(BUSINESS WIRE)–DigiFT, a digital assets exchange, is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). A CMS licence will allow DigiFT to conduct the regulated activity of dealing in capital markets products that are securities or units in a collective investment scheme (CIS) in Singapore by facilitating the issuance of security tokens. As a RMO, it will also be able to operate an organised market for secondary trading of security tokens on the public blockchain. Established in 2021, DigiFT is the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox. DigiFT’s platform is built on the Ethereum blockchain, offering secondary trading liquidity for security tokens backed by real-world assets such as bonds, equities and collective investment schemes, facilitated by AMM. Investors can subscribe, trade and redeem on-chain assets using fiat currency or stablecoins via its website or mobile app. Henry Zhang, Founder & CEO of DigiFT said, “Securing both the CMS licence and RMO recognition is a significant milestone in our journey to enable regulated access to financial opportunities on-chain. As the first exchange on the public blockchain to…

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Dec 5, 2023 - 13:20

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The post DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore appeared on BitcoinEthereumNews.com.

DigiFT, a digital assets exchange, was admitted into the Monetary Authority of Singapore FinTech Regulatory Sandbox in June 2022 for dealing in capital markets products by facilitating the issuance of security tokens, and for operating an organised market for secondary trading As a Capital Markets Services licence holder and a Recognised Market Operator, DigiFT is poised to scale its services in both primary market origination and distribution, as well as secondary market trading for on-chain real-world assets tokens that are securities or units in a collective investment scheme SINGAPORE–(BUSINESS WIRE)–DigiFT, a digital assets exchange, is pleased to announce today that it has obtained a Capital Markets Services (CMS) licence and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). A CMS licence will allow DigiFT to conduct the regulated activity of dealing in capital markets products that are securities or units in a collective investment scheme (CIS) in Singapore by facilitating the issuance of security tokens. As a RMO, it will also be able to operate an organised market for secondary trading of security tokens on the public blockchain. Established in 2021, DigiFT is the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox. DigiFT’s platform is built on the Ethereum blockchain, offering secondary trading liquidity for security tokens backed by real-world assets such as bonds, equities and collective investment schemes, facilitated by AMM. Investors can subscribe, trade and redeem on-chain assets using fiat currency or stablecoins via its website or mobile app. Henry Zhang, Founder & CEO of DigiFT said, “Securing both the CMS licence and RMO recognition is a significant milestone in our journey to enable regulated access to financial opportunities on-chain. As the first exchange on the public blockchain to…