Plume Joins Forces with DigiFT to Broaden Regulated Digital Asset Scope

Plume and DigiFT: Pioneering Access to Regulated Digital Assets

In a significant development for the blockchain industry, Plume, renowned as the first modular and composable layer-1 blockchain network aimed at real-world asset finance (RWAfi), has recently partnered with DigiFT. DigiFT is recognized as the first exchange licensed by the Monetary Authority of Singapore (MAS) specifically for on-chain real-world assets. This partnership is set to expand the availability of regulated digital assets within the RWAfi ecosystem that Plume is cultivating.

At the heart of this collaboration lies the access to uMINT, which is UBS Asset Management's inaugural tokenized money market fund. Built utilizing Ethereum’s distributed ledger technology, uMINT represents a pivotal advancement in providing next-gen investment solutions tailored for a diverse array of global investors. This aligns perfectly with Plume's goal of bridging institutional assets with decentralized finance (DeFi).

Chris Yin, the CEO of Plume Network, stated, “Connecting institutional assets seamlessly with DeFi is a key part of our RWAfi vision. Through DigiFT's regulated framework, we can introduce institutional-grade products like UBS’s money market fund directly to the DeFi users and protocols.”

DigiFT operates as a Recognised Market Operator (RMO) under a Capital Markets Services (CMS) license from MAS, allowing it to handle securities and units in collective investment schemes. It excels in facilitating both the primary issuance and secondary trading of asset-backed tokens, ensuring investors have secure and transparent options for engaging with tokenized financial products.

Henry Zhang, CEO of DigiFT, commented on the cooperation, “This partnership with Plume marks a significant step in advancing the adoption of regulated, institutional-grade assets on-chain. By enabling access to products like UBS's uMINT, we are providing investors with opportunities that are secure, compliant, and fully transparent within the evolving digital asset market.”

The partnership also reflects the dual ambitions of both organizations—bringing institutional-quality investment assets onto the blockchain while simultaneously streamlining the investment process for Web3 companies and on-chain entities looking for secure and compliant assets.

This strategic move by Plume demonstrates a growing trend in the financial services industry, combining traditional finance with the innovative capabilities of blockchain technology. As regulatory frameworks evolve, platforms like DigiFT and Plume are positioning themselves at the forefront of digital asset management, providing tools and opportunities that are both compliant and cutting-edge.

Beyond the technological innovation, this partnership is a testament to the increasing recognition of the importance of regulations in the digital asset space, ensuring investor protection and fostering greater trust among participants in the crypto economy. As the digital asset landscape continues to mature, collaborations like this will likely become more common, setting a precedent for future developments in the realm of blockchain finance.

For those looking to engage with digital assets, this partnership marks a notable juncture that blends regulatory frameworks with transformative technology, inviting a new wave of investment possibilities. To learn more about Plume, please visit plumenetwork.xyz or reach out for additional information by contacting them directly. Further details about DigiFT can be explored at digift.sg.