, the first on-chain Real World Asset exchange regulated by the Monetary Authority of Singapore , is proud to announce the launch of its second-series RWA depository receipt token. The DigiFT USD Money Market Fund Token , aims to offer a new cash management option for investors interested in exploring alternatives within the crypto space.
The DMMF token represents a direct beneficial interest in a money market fund that is managed by an established and licensed fund manager that 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.
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.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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 6abc - 🏆 250. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »