According to official news, DigiFT, a decentralized security token exchange, announced the completion of a $10.5 million Pre-A round of financing, led by Shanda Group, with participation from HashKey Capital, Hash global, Xin Enterprise Pte. Ltd, and North Beta Capital. The new funds will support the growth of the exchange and the recruitment of more new employees.

It is reported that DigiFT was founded in 2020 by Henry Zhang, former CEO of East West Bank Greater China and Deputy CEO of Citibank and Standard Chartered Bank China. DigiFT has been registered in the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox, aiming to provide regulated decentralized financial solutions for Ethereum public blockchain products, an automated market making (AMM) mechanism that facilitates secondary trading liquidity of security tokens backed by financial assets such as bonds and stocks.