Digital asset exchange DigiFT clinches capital markets service license in SG

DigiFT can now conduct regulated dealing of capital markets products.

Digital asset exchange DigiFT has obtained a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).

DigiFT is also now a Recognized Market Operator (RMO) by Singapore’s central bank. As an RMO, DigiFT can also now operate an organized market for secondary trading of security tokens on the public blockchain.

With the CMS license, DigiFT can now conduct regulated activity of dealing in capital markets products in Singapore by facilitating the issuance of security tokens. Products include – securities or units in a collective investment scheme (CIS).

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DigiFT was established in 2021 and is reportedly the first exchange with an Automatic Market Making (AMM) mechanism to have been admitted into the MAS FinTech Regulatory Sandbox. 

Its platform is built on the ethereum blockchain. DigiFT offers 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 DigiFT’s website or mobile app.

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Moving forward, DigiFT aims to expand the availability of its mobile app across different regions, enhance the user experience with new features, and expand its product offerings.