According to TechFlow, on February 28, DigiFT, a decentralized digital asset exchange focusing on asset-backed tokens (STO), announced the successful completion of a $10.5 million Pre-A round of financing. This round of financing was led by Shanda Group, a global private investment holding group founded in 1999 by China's online interactive entertainment pioneer Chen Tianqiao and his family. Other investors include HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd. and Beituo Capital.
It is reported that DigiFT was founded in 2020 by Zhang Zhihao, former CEO of East West Bank Greater China, and Vice President of Citibank and Standard Chartered Bank China. Its management team has extensive experience in traditional financial institutions and financial technology. DigiFT's vision is to integrate the advantages of centralized and decentralized finance. It is currently the first and only decentralized exchange to enter the Monetary Authority of Singapore (MAS) fintech regulatory sandbox. DigiFT provides a regulatory-compliant decentralized financial solution on the Ethereum public chain, deploys an automatic market maker (AMM) mechanism, and promotes secondary market trading liquidity of security tokens supported by underlying financial assets such as bonds and equities. Original link