DigiFT, a platform for tokenised real-world assets, has been granted a custodial license by the Monetary Authority of Singapore (MAS), expanding its existing Capital Markets Services (CMS) license.
This allows DigiFT to provide custody for capital market products, building on its previous MAS approvals as a Recognised Market Operator (RMO) and CMS provider.
The new license allows DigiFT to provide custodial services within its regulated framework, enhancing security and efficiency for issuers and investors.
This development streamlines asset issuance, settlement, and custody processes, and complements DigiFT’s existing digital payment token custody partnerships.
By providing in-house custody, DigiFT aims to reduce the time-to-market for institutional-grade digital securities, fostering greater trust in tokenised assets, particularly among financial institutions.
DigiFT facilitates the issuance and trading of blockchain-based security tokens, utilising an automated market maker for liquidity.
“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 tokenised assets.”
said Henry Zhang, Founder & CEO at DigiFT.
Featured image credit: Edited from Freepik
