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DigiFT and Chainlink Partner to Power Institutional-Grade Tokenization of RWAs

Twitter icon  •  Published 3 hours ago  •  Hassan Maishera

Chainlink announced via X on Friday that it has partnered with DigiFT, a Singapore-based exchange regulated by the Monetary Authority of Singapore.

Chainlink announced via X on Friday that it has partnered with DigiFT, a Singapore-based exchange regulated by the Monetary Authority of Singapore. As a part of this partnership, DigiFT has adopted Chainlink's Cross-Chain Interoperability Protocol (CCIP) to expand the accessibility of money market fund tokens available on the DigiFT platform to new audiences across multiple blockchains. 

Additionally, DigiFT is adopting Chainlink Proof of Reserve to help verify reserves and secure the minting function of the money market fund tokens on its platform. By adopting CCIP for secure cross-chain token transfers across multiple chains, DigiFT will benefit from enhanced liquidity for its real-world assets (RWA) tokens. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 3% over the past 24 hours and is trading at $11.79 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.