Here's DigiFT! They're a decentralized digital asset exchange (aka, DEX) for asset-backed security tokens (a form of STO). Now, they've just raised a $10.5M Pre-Series A! 

• Founded in 2020, they're the first and only DEX part of the Monetary Authority of Singapore's Fintech Regulatory Sandbox.
• With the founders' deep expertise in traditional finance, they're here to bridge the gap between TradFi, CeFi and DeFi.

Investor check. Shanda Group led the round. HashKey Capital, Hash Global and Shanghai, Xin Enterprise Pte. Ltd., and North Beta Capital also joined in!

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💸 How it works

They offer regulated decentralized finance solutions on the Ethereum public blockchain! A few of their features?

Liquidity guaranteed. Their DEX has an automatic market maker (AMM) mechanism that removes the middleman between trades and offers continuous liquidity for security tokens (STO) backed by financial assets like bonds and equities.

• This drives secondary trading, especially with liquidity pool providers earning a share of the AMM trading fee.
• Apart from AMM trading, they also have OTC and peer-to-peer trading!
• Their first regulatory-compliant STO on DigiFT was a one-month security token issued by Diners Club (Singapore).

Wallet-to-wallet. Keep control of your assets. DigiFT removes the middleman between trades, going directly from each digital wallet instead of centralizing orderbooks.

• Choose to trade with crypto, fiat or stablecoins!

Compliant. They have institutional-grade KYC and AML mechanisms and are licensed by Singapore's MAS.

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💳 Ma, I'm getting my license(s)!

The new $$$ is to support license applications in Asia, Europe and the Middle East. Plus, they're also looking to develop their tech, level up their innovation capabilities and bring in new hires in Singapore and new markets.

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