3 months ago
A Singapore-regulated cryptocurrency exchange, DigiFT, has announced it volition motorboat what it says is the archetypal scale money successful which the shares and underlying stocks are tokenized and traded on-chain.
The platform, licensed by Singapore’s Monetary Authority, is partnering with concern steadfast Hash Global to debut 2 scale funds: 1 tracking apical artificial quality (AI) stocks and different tracking starring crypto assets, according to a statement.
The move, it says, replaces the accepted infrastructure down portfolio management—brokers, banks, custodians—with astute contracts and stablecoins. Investors volition subscribe to and redeem from the funds utilizing USDT oregon USDC and presumption money holdings successful existent clip connected the blockchain.
“By bringing real-world equities afloat on-chain, we region inefficiencies, heighten accessibility, and acceptable a caller modular for however portfolios are structured, traded, and managed successful a blockchain-native environment,” Henry Zhang, CEO of DigiFT, said.
The artificial intelligence-focused DigiFT Hash Global AI Index Fund volition connection vulnerability to companies similar Apple, Tesla, and Microsoft, tokenized to bespeak their real-world banal values. A 2nd money volition way large cryptocurrencies, including bitcoin, ether and Solana.
The operation gives investors round-the-clock entree to the funds, greater transparency, and accrued liquidity. Hash Global called tokenized equities “the astir important” real-world plus to bring on-chain.
The funds volition lone beryllium disposable to accredited and organization investors astatine launch.
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