ChainCatcher news, according to official sources, the on-chain RWA exchange DigiFT has announced the launch of its second RWA deposit receipt (DR) series token, the DigiFT USD Money Market Fund Token (DMMF).It is reported that the DMMF token is issued on Ethereum and Arbitrum, with potential expansion to other public chains in the future. The token aims to optimize the cash management methods for stablecoin holders, providing on-chain stablecoin yields.In addition, the DMMF token directly represents the income rights to its underlying money market fund, which is managed by a licensed fund management institution and invests in high-quality short-term money market instruments and bonds, including government and corporate bonds, commercial paper, and deposits from qualified financial institutions.

ChainCatcher news, the decentralized digital asset exchange DigiFT has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS) and certified as a Recognized Market Operator (RMO). The CMS license will allow DigiFT to advance the issuance of security tokens and trading activities of capital market products in Singapore, covering corresponding assets including securities and Collective Investment Scheme (CIS) units. As an RMO, DigiFT is also allowed to operate a secondary trading market for security tokens on a public blockchain.Henry Zhang stated, "DigiFT is the first exchange with an Automated Market Making (AMM) mechanism to be accepted into the MAS FinTech Regulatory Sandbox. As the first regulated exchange to use the AMM mechanism for secondary trading on a public chain, we will continue to drive innovation, including the tokenization of real-world assets."

ChainCatcher news, the decentralized digital asset exchange DigiFT has announced the launch of the DigiFT U.S. Treasury Token (abbreviated as DUST). DUST is issued on a public blockchain and complies with regulations, backed by a single U.S. Treasury bond with a defined maturity. The underlying U.S. Treasury bond assets are held by a licensed institution in Singapore, providing qualified investors and institutional investors with a channel to invest in U.S. Treasury bonds on-chain.The DUST investment has a clear maturity date of December 31, 2023, for U.S. Treasury bonds. Investors can choose to subscribe to this regulated security token offering using fiat currency in U.S. dollars (USD) or the U.S. dollar stablecoin USD Coin (USDC), with a minimum investment amount of only $1 USD/USDC.

ChainCatcher news, focusing on asset-backed tokens (STO), the decentralized digital asset exchange DigiFT announced the successful completion of a $10.5 million Pre-A round of financing. This round was led by Shengda Group, with participation from HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd., and Beituo Capital.It is reported that DigiFT was founded in 2020 by Zhang Zhihao, the former CEO of Greater China at China Merchants Bank, and former Vice Presidents at Citibank and Standard Chartered Bank in China. Its management team has extensive experience in traditional financial institutions and the fintech sector. DigiFT's vision is to integrate the advantages of centralized and decentralized finance, and it is currently the only decentralized exchange that has entered the Monetary Authority of Singapore (MAS) fintech regulatory sandbox.DigiFT offers compliant decentralized financial solutions on the Ethereum public chain, deploying an automated market maker (AMM) mechanism to facilitate the liquidity of secondary market trading of security tokens backed by financial assets such as bonds and equities. (Source link)