Singapore-based DigiFT, a digital exchange for tokenised assets, has secured a licence to offer custody services for investment products.
According to DigiFT, this will allow it to “provide custodial solutions for capital market products under its own regulatory framework, giving issuers greater flexibility in structuring custody arrangements while ensuring a secure and seamless experience for investors”.
The company is already licensed by the Monetary Authority of Singapore to deal in capital market products. It announced the new licence in a statement on March 5.
DigiFT offers investors access to tokenised versions of investment products including funds, treasury bills and corporate bonds. It recently listed a tokenised version of a US$6.3 billion private credit fund managed by US asset manager Invesco.
Henry Zhang, the company’s founder and chief executive officer, described the custodial licence as “a key step in DigiFT’s mission to build a robust and fully-compliant digital asset ecosystem”.
“By integrating custody services into our existing regulated framework, we are enhancing both security and efficiency for issuers and investors while paving the way for broader institutional adoption of tokenised assets,” he says.
