Digital asset exchange DigiFT scores $10.5m in Shanda-led funding
DigiFT, a Singapore-based decentralised digital asset exchange (DEX) for asset-backed tokens (STO), announced that it has raised $10.5 million in its pre-Series A funding round, led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999.
The new funds will be used to support license applications in Asia, the Middle East and Europe, go-to-market plans, technology development as well as to expand the company’s innovation capabilities.
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