DigiFT founder and CEO Henry Zhang (L) speaking at an event
DigiFT, a DeFi exchange for on-chain real-world assets, has expanded into Hong Kong.
The company has also announced the appointments of Kevin Loo as CEO of DigiFT (Hong Kong)and Shen Hao as MD and Chief Development Officer of the parent firm.
Both executives bring over twenty years of global experience respectively, having held senior leadership roles across corporate and commercial banking, investment firms and digital asset areas.
The Monetary Authority of Singapore (MAS)-licenced DigiFT has also obtained membership in the Cyberport Incubation Programme, a flagship for digital technology and entrepreneurship in Hong Kong with over 2,000 members.
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“At DigiFT (HK), we believe this is an opportune moment to provide global Web3 financial solutions to continue helping Hong Kong and APAC stay at the forefront of global finance. We look forward to working closely with the regulators and industry players to pave the way for a tokenised future that is scalable, secure, and sustainable,” said Loo.
“Our expansion into the market is a natural next step in our growth plans as we look to facilitate broader access to tokenised real-world assets,” said Henry Zhang, Founder and CEO of DigiFT.
In February this year, the Hong Kong Monetary Authority (HKMA) set out the supervisory standards regarding the sale and distribution of tokenised products.
Founded in 2021, DigiFT is an exchange for on-chain real-world assets approved as a Recognised Market Operator with a Capital Markets Services license by the MAS. It enables asset owners to issue blockchain-based security tokens, facilitating continuous liquidity trading through an Automated Market Maker.
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Image credit: DigiFT
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