DigiFT, the first exchange for real-world assets on the blockchain, regulated by the Monetary Authority of Singapore (MAS), has launched its latest token, the DigiFT USD Money Market Fund Token (DMMF). This token aims to provide a secure investment option for those interested in crypto finance.

The DMMF token arrives amidst growing demand for tokenized financial products, highlighted by the success of BlackRock’s tokenized fund, which attracted $160 million within a week of its launch. This indicates a rising interest in tokenized funds as attractive investment choices in the digital asset realm.

This token represents a direct stake in a money market fund managed by a licensed fund manager. It invests in high-quality, short-term money market instruments and debt securities. The DMMF token ensures a compliant investment solution for investors, partnering exclusively with licensed institutions in Singapore.

Issued on Ethereum and Arbitrum, the DMMF Token targets stablecoin holders seeking alternative investment avenues. With the stablecoin market projected to grow from $150 billion to $3 trillion in the next five years, the token offers an innovative issuance structure, ensuring each token directly represents a share of the underlying securities’ income rights.

Henry Zhang, DigiFT’s Founder and CEO, expressed enthusiasm about the launch, stating, “The release of the DigiFT Money Market Fund Token marks a significant step in delivering top-tier cash management solutions to the on-chain economy.” By tokenizing money market funds, DigiFT aims to bridge the gap between traditional assets and digital finance, offering investors a reliable way to manage assets on-chain.

DigiFT, as the first regulated exchange for on-chain real-world assets, is committed to providing innovative solutions while meeting regulatory standards in Singapore's capital markets space. The founding team, with extensive experience in finance and fintech sectors, ensures DigiFT remains at the forefront of financial services evolution.

In conclusion, DigiFT’s launch of the DMMF token sets a new standard for cash management in the web3 era, offering investors secure and compliant investment opportunities on-chain.