Singapore, Singapore, April 8, 2024, Chainwire

DigiFT, the primary on-chain actual world asset (RWA) alternate regulated by the Financial Authority of Singapore (MAS), is proud to announce the launch of its second collection of RWA Depositary Receipts (DR) tokens. DigiFT USD Cash Market Fund Token (DMMF) goals to offer a brand new money administration choice for buyers eager about exploring alternate options within the cryptocurrency house.

In line with the corporate, the launch of the DMMF token comes at a time when demand for tokenized monetary merchandise is rising. DigiFT claims that the current success of BlackRock's (NYSE:) tokenization fund, the place he raised $160 million in simply his first week since its debut, is proof of that. This confirms the rising curiosity in tokenized funds as a horny funding car within the digital asset market.

DMMF tokens symbolize a direct helpful curiosity in a cash market fund managed by a longtime and licensed fund supervisor that invests in top quality cash market devices and stuck earnings securities reminiscent of authorities bonds, company bonds, industrial notes and bonds. . Deposits to eligible monetary establishments. Completely affiliated with licensed establishments in Singapore, DMMF Token is designed to offer buyers with a safe and compliant funding resolution.

The DMMF token issued on Arbitrum is designed to offer stablecoin holders eager about authorities bonds and money options with an extra choice to discover stablecoin yields. In line with CoinDesk, the market capitalization of stablecoins is anticipated to develop from the present US$150 billion to roughly US$3 trillion over the following 5 years. The token’s distinctive issuance construction, primarily based on DigiFT’s revolutionary DR mannequin, ensures that every DMMF token straight represents a share of the income rights within the underlying safety. This mannequin, pioneered with the just lately launched DigiFT US Treasury Invoice Depositary Receipt Token, permits DMMF tokens to precisely and materially legitimize token holders' direct pursuits within the underlying property whereas facilitating on-chain settlement. might be expressed as

Henry Zhang, Founder and CEO of DigiFT, “The discharge of the DigiFT Cash Market Fund token marks a big milestone in offering a first-class money administration resolution for the on-chain financial system. By tokenizing cash market funds, we’re We additional bridge the hole between conventional property and digital finance, giving buyers a dependable and worthwhile technique to handle their property on-chain. ”

Because the monetary trade continues to evolve, DigiFT stays on the forefront and is devoted to offering revolutionary options that meet the altering wants of buyers and establishments. The launch of DMMF is a testomony to this dedication and establishes a brand new customary for cash administration within the Web3 period.

To be taught extra about DMMF and DigiFT's current growth into Hong Kong, please go to DigiFT.

Disclaimer: This text doesn’t represent a suggestion or an commercial to attract consideration to any provide or meant provide.

About DigiFT

DigiFT is the primary regulated alternate for on-chain real-world property to be authorized by the Financial Authority of Singapore as a Chartered Market Operator with a Capital Markets Providers License. DigiFT permits asset homeowners to subject blockchain-based safety tokens, which buyers can commerce with steady liquidity through automated market makers (AMMs).

Based in Singapore in 2021, DigiFT is dedicated to assembly the regulatory necessities for working in Singapore's capital markets sector, whereas offering revolutionary monetary options that push the boundaries of monetary companies in a accountable method. I'm engaged on it.

DigiFT's founding staff is comprised of executives who’ve held positions within the monetary and fintech world at Citi, Customary Chartered (OTC:), Morgan Stanley, and Shenzhen Inventory Trade, and has beforehand labored in digital asset exchanges and merchandise. has efficiently developed and has deep information of blockchain know-how.

contactPublic Relations SupervisorEvelyn ZionDigiFT[email protected]

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