DigiFT Successfully Completes $10.5 Million Funding Round

02/28/2023 04:36 • AI Insights • 136 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

Analysis based on this information:

DigiFT, a decentralized digital asset exchange, has announced the successful completion of a $10.5 million pre-A round of financing. The funding round was led by Shanda Group, a private investment holding group, and other investors including HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd., and Beituo Capital.

The funding will enable DigiFT to focus on its asset-backed securities (STO) platform. The STO platform will provide issuers and investors with the opportunity to engage in a secure and compliant marketplace for transferring ownership of digital assets. The platform is driven by blockchain technology, providing transparency, security, and cost savings to all participants in the market.

With the world becoming increasingly digitized, the demand for digital assets is growing rapidly. DigiFT’s STO platform provides a unique opportunity for investors to access a range of asset-backed securities, such as real estate, fine art, or commodities. By providing a secure marketplace for transferring ownership of these assets, DigiFT has the potential to disrupt traditional financial markets, making investments more accessible and transparent for everyone.

Shanda Group’s investment in DigiFT is an important signal that the traditional financial industry is starting to take notice of digital assets. Chen Tianqiao, the founder of Shanda Group, is well known for his investments in the tech industry, including Tencent and JD.com. His support of DigiFT shows that he sees the potential for blockchain to transform the financial industry.

The successful funding round is a significant milestone for DigiFT, as it demonstrates confidence from investors in the company’s vision and technology. The proceeds from the funding round will be used to develop and expand the STO platform, bringing it closer to reality.

In conclusion, the completion of the $10.5 million funding round for DigiFT’s STO platform is an exciting development for the digital asset industry. With the support of Shanda Group and other investors, DigiFT has the potential to disrupt the traditional financial industry, bringing transparency, security, and cost savings to investors and issuers alike.

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