DigiFT’s New Initiative

DigiFT, a cryptocurrency exchange based in Singapore, is set to introduce the first index fund that features tokenized shares alongside stocks traded on the blockchain.

Key Highlights:

• The index funds will utilize smart contracts and stablecoins, thereby eliminating the need for traditional financial intermediaries like brokers and banks.
• Initially, two index funds will be available: one devoted to prominent AI stocks and another focused on major cryptocurrencies.

The Singapore Monetary Authority has licensed DigiFT, which is collaborating with investment firm Hash Global to offer these innovative index funds.

“By bringing real-world equities fully on-chain, we remove inefficiencies, enhance accessibility, and set a new standard for how portfolios are structured, traded, and managed in a blockchain-native environment,” Henry Zhang, CEO of DigiFT, stated. (new translation: “By fully integrating real-world shares into the blockchain, we eliminate inefficiencies, improve accessibility, and establish a new framework for structuring, trading, and managing portfolios in a blockchain-centric space.”)

The funds will provide investors with real-time visibility of fund holdings on the blockchain and allow subscriptions and redemptions using USDT or USDC. With these offerings, investors can benefit from increased transparency, liquidity, and round-the-clock access.

Investment Focus

The AI-focused DigiFT Hash Global AI Index Fund will include major companies such as Apple, Tesla, and Microsoft, with their stock values represented in a tokenized format. Another fund will track significant cryptocurrencies like Bitcoin, Ethereum, and Solana.

These funds will initially cater only to accredited and institutional investors.