In a twist that could only be described as a delightful dance of bureaucracy and blockchain, the RWA tokenization platform known as DigiFT has been granted a custodial license from the Monetary Authority of Singapore. This means they can now add custody services for tokenized assets on their platform, which is rather like giving a cat a license to operate heavy machinery—exciting, but one hopes they have good insurance.
DigiFT, that sprightly little blockchain platform built on the Ethereum (ETH) blockchain, has been given the green light to operate a trading platform for security tokens. And now, with this shiny new custodial license, they can handle everything from issuing to trading to storing blockchain-based security tokens—all without having to call in the neighbors for help. It’s like a one-stop shop for all your tokenized needs, minus the questionable snacks.
“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,”
said Henry Zhang, the grand wizard—sorry, I mean Founder & CEO—of DigiFT. One can only imagine the amount of paperwork involved in such a feat, rivaling that of a particularly ambitious novel.
Founded in the illustrious year of 2021, DigiFT is a Singapore-based fintech company that operates a regulated digital asset exchange. Here, asset owners can issue blockchain-based security tokens, while investors can trade these tokens with the kind of continuous liquidity that would make a fish jealous, thanks to their Automated Market Maker mechanism. It’s all very high-tech and rather impressive, if one can overlook the occasional existential crisis about the nature of money.
Specifically, the company specializes in tokenizing real-world financial assets, such as private credit funds and money market funds. In a move that could only be described as ambitious, in February 2025, DigiFT announced a collaboration with Invesco to offer a tokenized version of a $6.3 billion private credit fund. This aims to provide accredited and institutional investors with access to Invesco’s private credit strategies through its platform. Because who wouldn’t want to dip their toes into a pool of tokenized financial wizardry?
Prior to that, in November 2024, DigiFT partnered with UBS Asset Management to launch ‘uMINT,’ UBS’s first tokenized money market fund. This enables investors to access a tokenized version of UBS’s USD Money Market Investment Fund, which sounds like a delightful way to make your money work harder than a squirrel on a caffeine high.
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2025-03-03 11:29