Singapore, April 8, 2024 — DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token, the DigiFT USD Money Market Fund Token (DMMF), crafted for investors seeking safe, stable and yield-generating alternatives in the crypto space.
The launch of DMMF comes at a time when the demand for tokenized financial products is surging, as evidenced by the recent success of BlackRock's tokenized fund, which drew $160 million in just a week since its debut. This underscores the growing interest and confidence in tokenized funds as attractive investment vehicles in the digital asset market.
The DMMF token represents a direct beneficial interest in a money market fund that is managed by an established and licensed fund manager which invests in high-quality, short-term money market instruments and debt securities, including government and corporate bonds, commercial bills, and deposits with eligible financial institutions. Partnering exclusively with licensed institutions in Singapore, the DMMF token is designed to provide a secure and compliant investment solution for investors.
Issued on Ethereum and Arbitrum, with the potential for expansion to other blockchains, the DMMF Token is poised to transform cash management for stablecoin holders seeking treasuries or cash solutions to generate stablecoin yield. The market cap of stablecoin is projected to grow from US$150 billion today to about US$3 trillion over the next 5 years. The token's distinctive issuance structure, based on DigiFT's innovative DR model, ensures that each DMMF token directly represents a share of the underlying securities' income rights. This model, pioneered in DigiFT U.S. Treasury Bill depository receipt token released recently enables the DMMF token to accurately and importantly legally, represent the direct beneficial interest of token holders in the underlying asset while facilitating settlement on-chain.
Henry Zhang, Founder and CEO of DigiFT, expressed his excitement about the launch: "The release of the DigiFT Money Market Fund Token marks a significant milestone in delivering top-notch cash management solutions to the on-chain economy. By tokenizing money market funds, we are further bridging the gap between traditional assets and digital finance, offering investors a dependable and profitable way to manage their assets on-chain."
As the financial industry continues to evolve, DigiFT remains at the forefront, dedicated to providing innovative solutions that meet the changing needs of investors and institutions. The launch of DMMF is a testament to this commitment, establishing a new standard for cash management in the web3 era.
For more information about DMMF and DigiFT's recent expansion into Hong Kong, visit DigiFT.
Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer
About DigiFT
DigiFT is the first regulated exchange for on-chain real-world assets, approved as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. DigiFT allows asset owners to issue blockchain-based security tokens and investors can trade with continuous liquidity via an Automated Market Maker (AMM).
Established in Singapore in 2021, DigiFT is fully committed to meeting regulatory requirements to operate in the capital markets space in Singapore, while providing innovative financial solutions that push the boundaries of financial services in a responsible manner.
DigiFT’s founding team comprises executives who have held positions within the finance and fintech worlds at Citi, Standard Chartered, Morgan Stanley, Shenzhen Stock Exchange and possess deep blockchain technology knowledge, having successfully developed digital asset exchange and products in the past.
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DigiFT推出美元货币市场基金代币，为稳定币持有者提供主动管理的链上收益解决方案
2024年4月8日，新加坡——DigiFT，首家受新加坡金融管理局（MAS）监管的链上真实世界资产（RWA）交易所，宣布推出其第二个RWA存托凭证（DR）系列代币——DigiFT美元货币市场基金代币（DMMF），专为在加密领域寻求安全稳定收益的投资者设计。
DMMF代币的推出正值代币化金融产品需求激增之际，近期贝莱德代币化基金成功发行，自亮相以来仅一周时间就吸引了 1.6 亿美元的资金流入，有力印证了投资者对代币化基金作为数字资产市场投资工具不断增长的兴趣和信心。
DMMF 代币直接代表对其标的货币市场基金的收益权益，标的基金由资深持牌基金管理人进行管理，投资于高质量的短期货币市场工具和债券，包括政府和公司债券、商业票据以及合格金融机构的存款。DMMF代币是DigiFT与新加坡的持牌机构密切合作的成果，为投资者提供安全、合规的投资解决方案。
DMMF 代币在以太坊和 Arbitrum 上发行，将来也可能扩展到其他公链。该代币旨在优化稳定币持有者的现金管理方式，提供链上稳定币收益。未来 5 年，稳定币的市值预计将从目前的 1,500 亿美元增长到约 3 万亿美元。DMMF代币独特的发行结构基于 DigiFT 创新的 DR 发行模式，确保每个 DMMF 代币能够准确且合法地代表代币持有者对标的资产的直接收益权，同时促进链上的高效结算。DR发行模式在近期发行的 DigiFT 美国国债存托凭证代币中首次应用。
DigiFT 创始人兼首席执行官Henry Zhang对此次发行深感振奋：“DigiFT 美元货币市场基金代币的发行是为链上经济提供一流现金管理解决方案的重要里程碑。通过代币化货币市场基金，我们进一步弥合了传统资产和数字金融之间的差距，为投资者提供了可靠的链上资金管理方案。”
DigiFT 始终走在创新最前沿，致力于满足投资者不断变化的需求。 DMMF 代币的推出印证了这一承诺，为 Web3 时代的资金管理领域竖立了全新标准。
欲了解更多有关 DMMF 和 DigiFT扩张香港市场的信息，请访问 DigiFT官方网站。
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关于DigiFT
DigiFT是全球首家持牌链上真实世界资产交易所，获新加坡金融管理局颁发资本市场服务牌照并被认证为受认可市场运营商。DigiFT为资产所有者发行基于区块链的证券型代币，投资者可以通过自动做市商机制（AMM）实现持续流动性交易。
DigiFT成立于2021年，总部位于新加坡，致力于满足新加坡资本市场运营监管要求的同时，以负责任的方式提供推动金融服务边界的创新金融解决方案。
DigiFT的创始团队由曾在花旗、渣打、摩根士丹利、深圳证券交易所等金融和金融科技机构担任要职的高管组成，拥有深厚的区块链技术知识，曾成功开发过数字资产交易所和产品。
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