Singapore’s DigiFT Wins Regulatory Approvals From MAS After Graduating From Sandbox
“DigiFT is the first exchange with an automatic market making mechanism to have been admitted into the MAS FinTech Regulatory Sandbox,” said founder Henry Zhang.
“DigiFT is the first exchange with an automatic market making mechanism to have been admitted into the MAS FinTech Regulatory Sandbox,” said founder Henry Zhang.
“This shows that MAS is listening, and is willing to consider industry feedback, even if they do not always agree,” said Angela Ang, a senior policy adviser for blockchain intelligence firm TRM Labs and a former MAS regulator.
The trials are part of a broader initiative to set up infrastructure for digital money transfers, including tokenization of banking assets.
MAS has banned the Three Arrows Capital founders from managing, directing, or being a shareholder of any registered capital markets services firm in Singapore.