TORTOLA, British Virgin Islands, June 17,
2024 /PRNewswire/ -- WSPN, a globally recognized
digital payments leader, has announced a milestone collaboration
with DigiFT, the first regulated exchange for on-chain real-world
assets ("RWA"), approved as a Recognised Market Operator with a
Capital Markets Services license by the Monetary Authority of
Singapore. This strategic
partnership underscores a mutual commitment to advancing
stablecoin applications and pioneering Web3 payment
and investment solutions globally.
Through this partnership, WSPN's flagship USD-pegged
stablecoin, the Worldwide USD (WUSD), will be
integrated into DigiFT's exchange. As the first regulated exchange
for on-chain RWA, the integration of WUSD will enhance user
convenience and efficiency for DigiFT while providing the WUSD
ecosystem access to regulatory-compliant investment products at the
same time.
"Partnering with DigiFT, a pioneer in the regulated
on-chain real-world asset market, is an exciting development for
us, "remarked Raymond Yuan,
Founder of WSPN, "This collaboration marks a significant step
forward in our mission to integrate stablecoin
applications with innovative investment solutions. By leveraging
DigiFT's regulatory-compliant platform, we aim to enhance the
efficiency and security of digital payments while broadening access
to transparent and robust investment opportunities globally."
WSPN recently announced a series of WUSD achievements, including
the successful listing on 10 new exchanges, the integration with
two new chains, Solana and BSC, and 2 well-known
wallet partners, to enhance WUSD's accessibility and liquidity.
Henry Zhang, CEO and Founder
of DigiFT said, "Creating a platform that connects the illiquid
and fragmented world of traditional finance has been core to our
mission at DigiFT. We are thrilled to be partnering with WSPN, who
shares a mutual commitment in forging a more interconnected and
efficient financial ecosystem on-chain. This strategic partnership
aims to herald a new era of innovation and adoption of RWA within
the digital payments landscape."
Most recently, DigiFT announced the launch of its depositary
receipts (DR) token issuance model, enabling investors to purchase
tokens representing a fractional beneficial interest in the
underlying capital market security. As part of the collaboration, a
portion of WSPN's reserves will be allocated to DigiFT's RWA
tokens. This move allows WSPN to leverage DigiFT's innovative DR
model to enhance asset management, security, and transparency.
WSPN is a global digital payments company that provides digital
payment solutions via Distributed Ledger Technology (DLT). The WUSD
is a fiat-collateralized stablecoin designed to
provide transparent, fast, and efficient digital payment solutions
globally, leveraging advanced Distributed Ledger Technology.
Established in 2021, DigiFT is the first and only on-chain RWA
exchange with an automatic market-making mechanism approved as a
Recognised Market Operator with a Capital Markets Services license
by the Monetary Authority of Singapore (MAS).
Disclaimer: This article is not an advertisement making an
offer or calling attention to an offer or intended offer
About WSPN
WSPN is a global digital payments company that provides
transparent, fast, and efficient digital payment solutions
leveraging the latest technological advancements of Distributed
Ledger Technology ("DLT"). We are dedicated to shaping seamless
digital payment solutions for our global partners worldwide at the
frontier of future digital payments and financial inclusion.
Worldwide USD ('WUSD'), WSPN's flagship USD
stablecoin, is a fiat-collateralized
stablecoin that is pegged to the U.S. Dollar at a 1:1
ratio. Dedicated to optimizing payment solutions for web3 users,
WUSD empowers the real economy through secure, transparent, and
licensed digital payments, spanning stablecoins, exchanges and
cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter |
LinkedIn | Telegram
About DigiFT
DigiFT is the first regulated exchange for on-chain real-world
assets, approved as a Recognised Market Operator with a Capital
Markets Services license by the Monetary Authority of Singapore. DigiFT allows asset owners to issue
blockchain-based security tokens and investors can trade with
continuous liquidity via an Automated Market Maker (AMM).
Established in Singapore in
2021, DigiFT is fully committed to meeting regulatory requirements
to operate in the capital markets space in Singapore, while providing innovative
financial solutions that push the boundaries of financial services
in a responsible manner.
DigiFT's founding team comprises executives who have held
positions within the finance and fintech worlds at Citi, Standard
Chartered, Morgan Stanley, Shenzhen Stock Exchange and possess deep
blockchain technology knowledge, having successfully developed
digital asset exchange and products in the past.
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SOURCE WSPN