WSPN, a globally recognized leader in digital payments, has announced a groundbreaking collaboration with DigiFT, the first regulated exchange for on-chain real-world assets (“RWA”) approved by the Monetary Authority of Singapore as a recognized market operator with a Capital Markets Services License. This strategic partnership highlights our mutual commitment to advancing stablecoin applications and pioneering Web3 payment and investment solutions on a global scale.
The partnership will see the integration of Worldwide USD (WUSD), WSPN’s flagship US Dollar-pegged stablecoin, into DigiFT’s exchange. As the first regulated exchange for on-chain RWA, WUSD’s integration will increase convenience and efficiency for DigiFT’s users while providing the WUSD ecosystem with access to a compliant investment product.
“Partnering with DigiFT, a pioneer in regulated on-chain real-world asset markets, is an exciting development for us,” said Raymond Yuan, founder of WSPN. “This collaboration marks a major step forward in our mission to bring stablecoin applications together with innovative investment solutions. By leveraging DigiFT’s regulated and compliant platform, we aim to enhance the efficiency and security of digital payments and expand access to transparent and robust investment opportunities globally.”
WSPN recently announced a series of achievements for WUSD, including listing on 10 new exchanges, integration with two new chains, Solana and BSC, and two well-known wallet partners to increase the accessibility and liquidity of WUSD.
Henry Zhang, CEO and Founder of DigiFT, said, “Building a platform that connects the illiquid and fragmented world of traditional finance is core to DigiFT’s mission. We are pleased to partner with WSPN, who shares a common commitment to building a more interconnected and efficient on-chain financial ecosystem. This strategic partnership aims to usher in a new era of innovation and adoption of RWA in the digital payments space.”
Most recently, DigiFT announced the launch of a Depository Receipt (DR) token issuance model, which allows investors to purchase tokens that represent a fractional beneficial interest in the underlying capital markets securities. As part of this collaboration, a portion of WSPN’s reserves will be allocated to DigiFT’s RWA tokens. This move will allow WSPN to leverage DigiFT’s innovative DR model to provide enhanced asset stewardship, security and transparency.
WSPN is a global digital payments company providing digital payment solutions via distributed ledger technology (DLT). WUSD is a fiat-collateralized stablecoin designed to leverage advanced distributed ledger technology to provide transparent, fast and efficient digital payment solutions on a global scale.
Founded in 2021, DigiFT is the first and only on-chain RWA exchange with an automated market-making mechanism approved as a licensed market operator with a Capital Markets Services License from the Monetary Authority of Singapore (MAS).
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