DigiFT, a blockchain-powered platform, has clinched Type 1 and Type 4 licenses from Hong Kong’s Securities and Futures Commission (SFC), a landmark achievement for Asia’s digital asset market. This approval announced today makes DigiFT one of the first non-custodial platforms to offer regulated securities dealing and advisory services for tokenized assets.
DigiFT’s Journey to Regulatory Milestone
DigiFT’s progression toward obtaining approval from the Securities and Futures Commission (SFC) started with its licensing by the Monetary Authority of Singapore (MAS), establishing a robust framework for its tokenized asset services. The platform’s advanced smart contract infrastructure facilitates transparent and automated transactions, eliminating the need for direct client fund holdings and ensuring enhanced security and efficiency.
The platform’s partnerships with esteemed institutions such as UBS and Franklin Templeton have enabled the successful tokenization of high-yield bonds and real estate funds, highlighting the Hong Kong-based firm’s innovative approach to financial services. The SFC’s thorough review process further confirms DigiFT’s commitment to compliance and operational integrity.
More Crypto-Friendly Regulations
The SFC licenses empower DigiFT to provide secure and efficient tokenized asset services to institutional and accredited investors, thereby enhancing market transparency. Settlement times are slashed, boosting efficiency under Hong Kong’s progressive “LEAP” regulatory framework for digital assets. Globally, Singapore’s MAS approved DBS Vickers in 2024 for tokenized bond trading, mirroring the Hong Kong-based company’s model.
Similar regulatory approvals have enabled companies in various parts of the world to enjoy a wide range of business freedom. In Europe, the EU’s MiCA regulation has enabled platforms to offer compliant digital asset services. For example, two months ago, Bybit, a leading crypto exchange by trading volume, secured the EU’s Markets in Crypto-Assets (MiCA) license. This license enables the exchange to operate seamlessly across all 27 EU member states, thereby enhancing its credibility.
OKX also announced via an official release in February that it had obtained a Markets in Crypto-Assets Regulation (MiCA) license in Europe, enabling it to passport its services across the continent. These approvals signal a global shift toward blockchain integration in finance, with DigiFT at the forefront.
DigiFT’s SFC plans to launch the first on-chain ESG-focused fund, tokenizing sustainable assets like green bonds, in partnership with Animoca Brands. This initiative aims to enhance liquidity. This expansion aims to bridge traditional finance with blockchain, encouraging innovation across Asia’s markets.
