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crypto.news 2025-03-03 08:16:06

Singapore RWA tokenization platform DigiFT granted custodial license from MAS

RWA tokenization platform DifiFT has been granted a custodial license from the Monetary Authority of Singapore, enabling it to add custody services for tokenized assets on its platform. DigiFT, a blockchain platform for tokenized real-world assets built on the Ethereum ( ETH ) blockchain, has received a custodial license from MAS. Before this, DigiFT was already approved to operate a trading platform for security tokens and offer financial services. Now, with this new license, it can also offer custody services for capital market products. This means that DifiFT can now handle everything in one place—that is, issuing, trading, and storing of blockchain-based security tokens—without relying on outside partners. “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 tokenized assets, ” said Henry Zhang, Founder & CEO at DigiFT. You might also like: Singapore introduces frameworks to commercialize tokenization in financial markets Founded in 2021, DigiFT is a Singapore-based fintech company which operates a regulated digital asset exchange where asset owners can issue blockchain-based security tokens, and investors can trade these tokens with continuous liquidity via an Automated Market Maker mechanism. Specifically, the company specializes in tokenizing real-world financial assets, such as private credit funds and money market funds. In Feb. 2025, DigiFT announced a collaboration with Invesco to offer a tokenized version of a $6.3 billion private credit fund, aiming to provide accredited and institutional investors with access to Invesco’s private credit strategies through its platform. Prior to that, in Nov. 2024, DigiFT partnered with UBS Asset Management to launch ‘uMINT,’ UBS’s first tokenized money market fund, enabling investors to access a tokenized version of UBS’s USD Money Market Investment Fund. You might also like: DigiFT to tokenize Invesco’s $6.3B private credit fund

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