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SINGAPORE – DigiFT, a Singapore-based financial technology company, recently achieved significant regulatory milestones, obtaining a Financial 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 the MAS regulatory sandbox since June 2022, is now authorized to manage on-chain securities and manage co-investment system transactions. With these accreditations, DigiFT can offer regulated on-chain financial activities, including the legal issuance and trading of digital securities on primary and secondary markets.
Under the leadership of CEO Henry Zhang, DigiFT launched an Automation Markets (AMM) system in 2021. This system is designed to support liquid secondary markets for bonds, stocks and other tokenized assets.
The company’s vision is to revolutionize regulated on-chain financial activities while improving the user experience through innovative offerings. These include on-chain proof-of-asset disclosure and cross-chain deployment capabilities. The platform’s future plans include expanding the reach of its mobile application regionally and adding features that will improve the investment process for users globally.
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