DigiFT Raises $11M Led by SBI Holdings

DigiFT, an on-chain RWA exchange, announced completing an $11 million strategic funding round led by SBI Holdings. This investment brings DigiFT’s total funding to $25 million, reflecting the expanding interest in regulated tokenized asset markets.

Involved in this funding round are key players such as SBI Holdings, along with Mirana Ventures and other prominent investors. DigiFT aims to utilize these funds to expand its tokenized product offerings and enhance market liquidity infrastructures.

The funding is expected to impact the institutional trading landscape, with DigiFT’s enhanced infrastructure offering new opportunities for investment and yield. This move positions DigiFT as a key player in institutional-grade tokenization of real-world assets. “Known for early investments in companies such as Ripple and R3, SBI also operates a wide range of businesses spanning securities, banking, asset management, and crypto infrastructure, with a long-standing track record in fintech and capital markets innovation globally.”

Financial implications include an anticipated increase in capital efficiency, providing access to tokenized equities and fixed income. This strategy also drives integration with ecosystems such as Ethereum and Polygon, potentially boosting operational volumes and utility.

Large collaborations with institutions like Invesco might further expand DigiFT’s influence in the asset management sector. Initial market response indicates growing interest in such initiatives as a tool for asset digitalization and new investment dividends.

Potential outcomes from this funding could include improved regulatory-compliant frameworks and enhanced infrastructure. Historical data suggests that similar investments have led to increased market legitimacy and sustained engagement within institutional financial networks. Root Data Crypto offers further insights on cryptocurrency trends and asset digitalization.