Research summary
We reject DigiFT because we could not confirm who may invest or who controls its tokens, not because of its regulatory quality. DigiFT is genuinely dual-licensed: it has a Monetary Authority of Singapore Capital Markets Services license and Recognised Market Operator status (granted 2023-12-05), plus Hong Kong SFC Type 1 and Type 4 licenses. It operates a regulated on-chain exchange that distributes institutional-grade products from UBS, BNY, SBI, Hines, and others through a Dynamic AMM. That is a stronger regulatory foundation than most entries in this backlog. But this review could not confirm two key facts: whether US persons are excluded (highly likely given DigiFT holds no US securities registration, but not stated in any source reviewed), and whether or how DigiFT’s tokens implement freeze, blacklist, or forced-transfer control, and who holds that authority, for each product. For a platform distributing several issuers’ products (UBS’s uMINT, OCBC-LionGlobal’s GOLDX, BNY’s bEQTY, and others), those answers likely differ by product, and none were confirmed. Until we verify eligibility and control, this stays rejected.
Observable review triggers
- DigiFT's Platform Terms and Conditions directly confirm or refute US-person exclusion
- Per-product freeze, blacklist, and forced-transfer control mechanics and their holder are disclosed for each listed issuer's token
- Founding entity and jurisdiction are confirmed from a primary corporate registry filing
- Redemption terms for products beyond uMINT are confirmed from primary DigiFT or issuer documentation
Facts on file
- Verdict
- Rejected
- Type
- Tokenized real-world assets
- Chains examined
- Ethereum, Plume Mainnet, Arbitrum, BSC
- Reviewed
- Last confirmed