Singapore’s DigiFT, OKLink to Enable Accessibility of Regulatory-Compliant Real World Assets On-Chain

DigiFT, the regulatory-compliant real-world asset (RWA) exchange, and OKLink, a global provider of Web3 on-chain data and compliance solutions, announced strategic partnership to empower the accessibility of regulatory-compliant RWA on-chain.

The two-fold partnership will see DigiFT offering OKLink Trust’s clients “the option to subscribe to DigiFT’s issued regulatory-compliant RWA tokens via the OKLink Trust platform and at the same time, OKLink is set to provide its OnChain AML solution to enhance security of DigiFT’s on-chain data and on-chain Anti-Money Laundering (AML) controls.”

Known for its commitment to bringing safe and reliable RWA assets on-chain, DigiFT has successfully issued several distinctive regulatory-compliant products to-date, “including Ethereum Staking Token, US Treasury Token, Perpetual Bond Referenced Token, and Corporate Note Security Token.”

As part of the partnership, eligible clients on the OKLink Trust platform “can subscribe to regulatory-compliant RWA issued by DigiFT, like DigiFT’s U.S. Treasury Token (“DUST”), the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain. Backed by a single U.S. Treasury note with a specific maturity date, DUST offers accredited and institutional investors an on-chain channel to invest in U.S. Treasuries, with the physical U.S. Treasuries custodised with a licensed broker-custodian in Singapore.”

Additionally, the partnership also marks “a significant milestone for OKLink’s expansion in Singapore. OKLink’s RegTech solution, Onchain AML, consists of two features — Know your Transaction (KYT) and Know Your Address (KYA). KYT leverages OKLink’s extensive database to establish connections between on-chain addresses and real-world entities, helping to monitor risky transactions and identify malicious addresses, triggering alerts to meet the compliance and risk management requirements of Virtual Asset Service Providers (VASPs).”

KYA, on the other hand, “identifies, analyzes, assesses, and categorizes the risk types associated with on-chain addresses, assisting regulatory bodies in digital asset investigations and aiding businesses in preliminary risk assessment, thereby enhancing transparency in digital asset transactions. With the integration of Onchain AML, DigiFT is able to surveil high-risk transactions and suspicious addresses at scale, preventing the occurrence of illicit on-chain activities.”

Mr. Jeffrey Ren, the Chairman of the Board and CEO of OKG Technology Holdings Limited, stated:

“We are delighted to have partnered with DigiFT, which demonstrates our commitment to serving the compliant digital asset industry. Singapore is a vital market for OKLink, and this collaboration signifies a significant step in this dynamic market, laying a solid foundation for our future business expansion. We look forward to working closely with DigiFT to enhance public confidence in the entire digital asset industry and drive positive developments within the sector.”

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