DigiFT launches DMMF Token for stablecoin holders, offering actively managed investment solution.

From Investing.com: 2024-04-07 23:30:38

DigiFT launches DMMF Token through MAS regulation, offering investors a new cash management option in the digital asset market. The token represents a direct beneficial interest in a money market fund managed by licensed entities in Singapore. The issuance structure ensures representation of token holders’ interests in underlying assets for secure and compliant investment solutions.

The DMMF Token, available on and Arbitrum, provides stablecoin holders an additional option for exploring stablecoin yield. With the stablecoin market cap projected to grow from $150 billion to $3 trillion in 5 years, this offering aims to bridge the gap between traditional assets and digital finance. Henry Zhang, Founder and CEO, expresses excitement about advancing cash management solutions in the on-chain economy.

DigiFT, established in Singapore in 2021, is the first regulated exchange for on-chain real-world assets. Approved by the Monetary Authority of Singapore, DigiFT allows for blockchain-based security token issuance and continuous liquidity trading through an Automated Market Maker (AMM). The founding team brings deep experience from financial institutions and fintech companies to provide innovative financial solutions responsibly in the capital markets space.

Read more at Investing.com: DigiFT Launches US Dollar Money Market Fund Token To Offer Stablecoin Holders An Actively Managed Investment Solution On-chain By Chainwire