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DigiFT Strengthens Partnership with HashKey Capital for On-Chain Treasury Management

source-logo  blockster.com 16 January 2024 07:08, UTC

Singapore — DigiFT, the regulated exchange for on-chain real-world assets (RWA) licensed by the Monetary Authority of Singapore (MAS), has unveiled an enhanced collaboration with HashKey Capital. This strategic partnership is set to provide regulated treasury management and diversified investment services tailored for HashKey Capital’s portfolio companies, marking a significant move in addressing the evolving needs of corporate treasurers.



The Key Treasury Challenges Survey has highlighted the corporate treasurers' key objective in optimizing working capital and liquidity. In response to the scarcity of compliant and secure financial products, DigiFT is set to offer a range of RWA investment opportunities, including its groundbreaking product, DigiFT U.S. Treasury Token (DUST).

DUST, the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain, allows accredited and institutional investors to on-chain invest in U.S. Treasuries. The physical U.S. Treasuries are custodized with a licensed broker-custodian in Singapore, providing an additional layer of security. The partnership will also introduce the first regulatory-compliant Ethereum (ETH) staking token.

DigiFT, as the first licensed on-chain RWA exchange in Singapore, is uniquely positioned to bridge the gap in secure and reliable treasury management solutions. The partnership will enable DigiFT to customize asset packages according to the specific requirements of HashKey Capital's portfolio companies.

The collaboration addresses the market gap in treasury management, offering secure and compliant financial products to corporate treasurers grappling with balancing short-term volatility and long-term growth investments. HashKey Capital’s portfolio companies are poised to benefit significantly from DigiFT’s innovative products, aiming to extend their business runways while minimizing cash burn.

Henry Zhang, Founder and CEO of DigiFT, expressed enthusiasm, stating, "We’re thrilled to start the year strong by taking our partnership with HashKey Capital to the next level.
"DigiFT will continue providing regulated pathways for RWAs, including fixed-income products, and expand our offerings to encompass various asset classes for an on-chain financial future."

Henry Zhang, Founder and CEO of DigiFT
Mia Mai, Portfolio Lead of HashKey Capital, emphasized the dual purpose of the collaboration, providing secure and compliant financial products for HashKey's ecosystem projects and setting industry-wide standards for regulatory-centric digital asset management practices.

Established in 2021, DigiFT stands as the first and only regulated on-chain RWA exchange licensed as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore (MAS). For those interested in exploring DigiFT’s regulatory-compliant solutions and offerings, further details can be obtained via email.



About DigiFT

DigiFT is the first regulated exchange for on-chain real-world assets, approved as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. DigiFT allows asset owners to issue blockchain-based security tokens, and investors can trade with continuous liquidity via an Automatic Market Making (AMM) mechanism.

Established in Singapore in 2021, DigiFT is fully committed to meeting regulatory requirements to operate in the capital markets space in Singapore, while providing innovative financial solutions that push the boundaries of financial services in a responsible manner.

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders, and talents advance the blockchain industries. As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications. With deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

blockster.com