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DigiFT Secures $10.5 Million Pre-A Financing Led by Shanda Group

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It is reported that DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), announced the successful completion of the US $10…

DigiFT Secures $10.5 Million Pre-A Financing Led by Shanda Group

It is reported that DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), announced the successful completion of the US $10.5 million pre-A round of financing. This round of financing was led by Shanda Group, a global private investment holding group founded by Chen Tianqiao and his family in 1999. Other investors include HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd. and Beituo Capital.

DigiFT of the Decentralized Exchange completed US $10.5 million pre-A round of financing, led by Shanda Group

Interpretation of the news:


DigiFT, a decentralized digital asset exchange that specializes in asset-backed securities (STO), announced that it successfully completed its pre-A round of financing, raising a total of $10.5 million. Shanda Group, a global private investment holding group founded by Chen Tianqiao and his family in 1999, led the round, and is joined by HashKey Capital, Hash Global, Xin Enterprise Pte. Ltd., and Beituo Capital as investors.

This achievement is remarkable for DigiFT given that the world is being impacted by the Covid-19 pandemic, and many businesses are struggling for funding. DigiFT’s platform, which is designed to enable the fractional trading of assets, could play a pivotal role in helping to mitigate the adverse effects of the pandemic in the capital markets. Digital assets such as tokenized securities can provide a level of transparency, liquidity, and diversity that was not previously available to investors.

In a statement released by DigiFT, they said that the funds raised will be used to develop their digital asset exchange platform, enhance their technology, and expand their operations. The pre-A financing round is an early-stage funding process that helps companies raise capital before they are ready for larger-scale funding rounds.

Shanda Group is a significant player in the global financial industry, and their interest in DigiFT is another indication of the increased institutional interest in blockchain-based platforms. The Shanda Group has a long history of investing in both blockchain and traditional financial companies. The Group said that they believe DigiFT’s platform has the potential to connect traditional finance and blockchain in a more efficient manner.

In summary, DigiFT’s successful pre-A financing round is a testament to the viability of their platform and their ability to raise capital even during uncertain times. The participation of Shanda Group and other major institutional investors reflects the potential of DigiFT to change the trading landscape of the capital markets. Their plans to use the raised funds to expand further highlights that digital asset exchanges can provide both innovative solutions and investment opportunities.

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