100 NFTs Will be Issued to Commemorate DigiFT Debut
On its decentralized exchange (DEX), DigiFT, which intends to offer regulated decentralized financial (DeFi) solutions on the Ethereum public blockchain, has successfully issued, secondary traded and redeemed a corporate security token. To mark the completion of the debut listing of DigiFT, 100 NFTs will be produced and distributed to partners and other stakeholders in celebration. On August 1st, 2022, the first offer for the one-month note issued by Diners Club Private Limited (Singapore) completely subscribed. On the DigiFT Security Token DEX, investors could trade security tokens effectively, with 80% of transactions executed by Automatic Market Makers (AMMs). In contrast to a traditional stock exchange, which uses active market indications to carry out trading, AMM uses smart contract liquidity pools to enable secondary market trading. Henry Zhang, CEO of DigiFT, stated,
"Our token investors are the first in the world to trade real-world regulated financial assets on a public DEX blockchain. We will continue to innovate and offer more investment products for digital users in a way that is compliant with regulations."
DigiFT - Exempt Market Participant
Wanli Li and Henry Zhang founded DigiFT in 2020 to create the first regulated decentralized securities exchange. DigiFT is registered as an exempt market participant and holds a Capital Markets Services License with the Monetary Authority of FinTech Regulatory Sandbox of Singapore.
The first DeFi trading platform permitted in the sandbox is a blockchain-based exchange. It helps to make security tokens supported by financial assets available for initial public offering and secondary trading. Investors can trade right after completing a know-your-client (KYC) onboarding procedure using their digital wallets.
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