DigiFT Secures $11M to Expand RWA Exchange

DigiFT, a Singapore-based exchange for real-world assets (RWA), successfully raised $11 million in its recent funding round, spearheaded by Japan's SBI Holdings. This investment brings the company's total funding to $25 million, aimed at scaling its RWA infrastructure. The funding round also saw participation from significant players such as Mirana Ventures, Offchain Labs, Yunqi Partners, and Polygon Labs. The company stated that this investment will bolster DigiFT's position as a leading provider of RWA infrastructure, linking traditional asset management with on-chain finance through compliant, tokenized investment products. DigiFT delivers comprehensive solutions for institutional digital assets, partnering in the tokenization and distribution of assets for renowned asset managers like Invesco, UBS Asset Management, CMB International, and Wellington Management. The firm operates under licenses from Singapore's Monetary Authority and Hong Kong's Securities and Futures Commission. This new funding is specifically aimed at facilitating DigiFT's growth by expanding its range of tokenized investment products across various sectors, including equities, fixed income, alternatives, and cryptocurrency. Additionally, the company plans to create innovative on-chain applications for RWAs, while enhancing its smart contract infrastructure to improve interoperability and capital efficiency.