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The Hong Kong Securities and Futures Commission issued a license to the smart contracts securities platform DigiFT.
Gate News bot news, the Hong Kong Securities and Futures Commission has granted DigiFT a Type 1 and Type 4 license, making it one of the first non-custodial platforms in the region authorized to operate tokenized securities. This enables DigiFT to provide institutional investors with securities trading and investment advisory services for tokenized physical assets.
Unlike traditional platforms, DigiFT uses a smart contract infrastructure to execute automated and transparent transactions. The company has collaborated with major asset management firms like UBS and Invesco. This approval comes as Hong Kong accelerates its efforts to build a global virtual asset center following the passage of the Stablecoin Bill in May 2025.