DigiFT raises $10.5m in pre-A funding round

02/28/2023 04:36 • Metaverse Matters • 98 views

It is reported that DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), announced the successful completion of the US $10.5 million pre-A round of financing. This round of financing was led by Shanda Group, a global private investment holding group founded by Chen Tianqiao and his family in 1999. Other investors include HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd. and Beituo Capital.

DigiFT of the Decentralized Exchange completed US $10.5 million pre-A round of financing, led by Shanda Group

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DigiFT, a decentralized digital asset exchange specializing in asset-backed securities (STO), has recently announced the successful completion of its US $10.5 million pre-A funding round. The funding round was led by Shanda Group, a global private investment holding group which was founded by Chen Tianqiao and his family in 1999. Other investors in the round include HashKey Capital, Hash Global, Xin Enterprise and Beituo Capital.

The successful fundraising round for DigiFT is an indication of growing investor interest in decentralized digital asset exchanges that offer asset-backed securities as a viable alternative to traditional securities. Asset-backed security tokens (ABSTs) are backed by real-world assets such as real estate, debt or equity, and are designed to provide investors with access to stable and reliable investment opportunities. The use of blockchain technology in ABSTs ensures that they are transparent, secure and can be traded on decentralized digital asset exchanges such as DigiFT.

The use of blockchain technology in decentralized exchanges such as DigiFT makes it easier for investors to trade asset-backed securities. Blockchain technology ensures that transactions can be processed faster, with lower fees, and without the need for intermediaries. Additionally, the use of blockchain technology increases transparency, thereby reducing the risk of fraud and enhancing overall investor confidence in the asset-backed securities market.

The success of DigiFT’s fundraising round is also an indication of the growing interest in Chinese investors in blockchain technology and decentralized asset exchanges. DigiFT was founded by a Chinese team that includes senior executives from Baidu, China Asset Management, and China Universal Asset Management. China is a market that offers huge potential for decentralized digital asset exchanges, and DigiFT’s successful fundraising round suggests that there is significant interest in this market.

In conclusion, the successful completion of DigiFT’s $10.5 million pre-A funding round indicates a growing investor interest in decentralized digital asset exchanges that specialize in asset-backed securities. The use of blockchain technology in ABSTs ensures that these securities are transparent, secure and can be traded on decentralized exchanges such as DigiFT. With growing interest from Chinese investors, there is significant potential for DigiFT and other decentralized digital asset exchanges to provide investors with access to stable and reliable investment opportunities.

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DigiFT raises $10.5m in pre-A funding round

DigiFT of the Decentralized Exchange completed US $10.5 million pre-A round of financing, led by Shanda Group

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