Coin

<ul class="news-points"> 
 <li>DigiFT has been granted the CMS license and RMO status by Singapore’s MAS.</li> 
 <li>The CMS license enables DigiFT to deal in regulated securities, including facilitating the issuance of security tokens.</li> 
 <li>RMO recognition allows DigiFT to operate as an organized market for secondary-market trading.</li> 
</ul> 
Digital assets exchange DigiFT proudly <a href="https://twitter.com/DigiFTTech/status/1731868610157773291" target="_blank" rel="nofollow">announced</a> that it has been awarded the coveted Capital Markets Services (CMS) license and recognized as a Recognized Market Operator (RMO) by the Monetary Authority of Singapore (MAS). This comes after the Singapore-based exchange became the first and only platform for on-chain assets to enroll in the MAS FinTech Regulatory Sandbox. The <a href="https://www.mas.gov.sg/regulation/capital-markets/apply-for-licensing-or-registration-of-capital-market-entities/cms-licence" target="_blank" rel="nofollow">CMS license</a> empowers DigiFT to engage in the regulated activity of dealing in capital markets products classified as securities. Notably, this includes facilitating the issuance of security tokens. Additionally, the <a href="https://eservices.mas.gov.sg/fid/institution/detail/252967-DIGIFT-TECH-SINGAPORE-PTE-LTD" target="_blank" rel="nofollow">RMO recognition</a> grants DigiFT the authority to operate an organized market for the secondary trading of security tokens on the public blockchain. 
Henry Zhang, the founder and CEO of DigiFT, expressed his enthusiasm, <a href="https://www.digift.sg/announcements/digift-license-singapore.html" target="_blank" rel="nofollow">stating</a>, “Securing both the CMS license and RMO recognition is a significant …
The post <a href="https://coinedition.com/singapores-digift-secures-regulatory-approval-from-mas-post-sandbox/">Singapore’s DigiFT Secures Regulatory Approval from MAS Post-Sandbox</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Singapore’s DigiFT Secures Regulatory Approval from MAS Post-Sandbox

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