TechFlow news, February 28 — DigiFT, a decentralized digital asset exchange focused on asset-backed security tokens (STO), announced the successful completion of a $10.5 million Pre-A funding round. The round was led by Shanda Group, a global private investment holding group founded in 1999 by Chen Tianqiao and his family, a pioneer in China's online interactive entertainment industry. Other investors include HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd., and North Beta Capital.
DigiFT was founded in 2020 by Zhang Zhihao, former CEO of Wachovia Bank’s Greater China region and former deputy country head for Citibank and Standard Chartered Bank in China, with a management team possessing extensive experience in traditional financial institutions and fintech. DigiFT aims to integrate the strengths of both centralized and decentralized finance, and is currently the first and only decentralized exchange admitted into the Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox. Built on the Ethereum blockchain, DigiFT provides regulated decentralized financial solutions, deploying an automated market maker (AMM) mechanism to enhance secondary market liquidity for security tokens backed by financial assets such as bonds and equities.Original link
