Decentralized exchange DigiFT completes $10.5 million Pre-A round financing, led by Shengda Group

2023-02-28 11:37:03

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ChainCatcher news, focusing on asset-backed tokens (STO), the decentralized digital asset exchange DigiFT announced the successful completion of a $10.5 million Pre-A round of financing. This round was led by Shengda Group, with participation from HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd., and Beituo Capital.

It is reported that DigiFT was founded in 2020 by Zhang Zhihao, the former CEO of Greater China at China Merchants Bank, and former Vice Presidents at Citibank and Standard Chartered Bank in China. Its management team has extensive experience in traditional financial institutions and the fintech sector. DigiFT's vision is to integrate the advantages of centralized and decentralized finance, and it is currently the only decentralized exchange that has entered the Monetary Authority of Singapore (MAS) fintech regulatory sandbox.

DigiFT offers compliant decentralized financial solutions on the Ethereum public chain, deploying an automated market maker (AMM) mechanism to facilitate the liquidity of secondary market trading of security tokens backed by financial assets such as bonds and equities. (Source link)

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DigiFT Shengda Group

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