DigiFT and SBI Launch JX Token on Polygon
Singapore-based DigiFT has partnered with SBI Group to launch the JX token, a security token representing fractional ownership of a digital asset fund, on the Polygon blockchain.
Singapore-based digital asset exchange DigiFT has launched a new security token called JX, in collaboration with Japan's SBI Group. The JX token represents fractional ownership in the DigiFT 'Digital Asset Fund', which invests in digital assets.
The token was launched on the Polygon blockchain, leveraging its capabilities for security token issuance. This move aims to provide investors with a regulated and accessible way to gain exposure to digital assets through fractional ownership.
The partnership between DigiFT and SBI Group signifies a growing interest from traditional financial institutions in the digital asset space. SBI Group has been actively involved in exploring blockchain technology and digital investments.
The JX token is expected to enhance liquidity and accessibility for investors looking to participate in the digital asset market by offering smaller, more manageable investment units than traditional direct purchases of digital assets.