PANews reported on August 7th that DigiFT, a licensed Singapore-based crypto exchange, will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. The token, issued by Singapore-based Docking Tech,PANews reported on August 7th that DigiFT, a licensed Singapore-based crypto exchange, will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. The token, issued by Singapore-based Docking Tech,
DigiFT to Launch CUBX, Southeast Asia’s First Regulated Fintech Loan Tokenization Product
1 min read
PANews reported on August 7th that DigiFT, a licensed Singapore-based crypto exchange, will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. The token, issued by Singapore-based Docking Tech, is based on accounts receivable from BantuSaku, an Indonesian P2P lending platform regulated by the OJK. The token has an expected annual yield of 12%. Proceeds from the issuance will be used to provide digital microloans to individuals and small and medium-sized enterprises in Indonesia.
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