DigiFT Raises $10.5 Million in Funding for Decentralized Asset Exchange
It is reported that DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), announced the successful completion of the US $10…
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
Interpretation of the news:
DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), has successfully raised $10.5 million in pre-A round financing. The funding 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.
The successful completion of this funding round is a significant milestone for DigiFT, as it will enable the company to expand its services and reach a wider audience. The funding will also allow DigiFT to invest in technology infrastructure and security measures, ensuring that the platform remains secure and scalable in the long run.
DigiFT’s focus on asset-backed securities (STO) is a promising and emerging field in the digital asset exchange market. Asset-backed securities are investment securities that are backed by underlying assets, such as real estate or other tangible assets. These securities offer investors the opportunity to invest in a diverse range of assets while also providing additional security and transparency.
The involvement of Shanda Group and other investors in this funding round indicates a growing interest in the decentralized digital asset exchange market. Shanda Group’s investment in DigiFT is a notable endorsement of the company’s vision and strategy. The involvement of other respected industry players further underscores the growing importance of digital asset exchanges in the broader financial ecosystem.
In conclusion, DigiFT’s $10.5 million pre-A round of funding is an indication of the growing potential of decentralized digital asset exchanges. The company’s focus on asset-backed securities is a promising field that offers investors greater security and transparency in their investments. With the support of Shanda Group and other investors, DigiFT is well-positioned to continue its growth and expansion in the years ahead.
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