Binance News: DigiFT Plans to Launch On-Chain Index Fund with Tokenized Shares of Apple and Tesla

DigiFT, a Singapore-based and regulated cryptocurrency exchange, has made a groundbreaking announcement. The platform, in partnership with investment firm Hash Global, intends to launch an innovative index fund where shares and underlying stocks, including those of Apple and Tesla, are tokenized and traded on-chain. This move aims to revolutionize traditional financial services with more efficient, transparent, and decentralized solutions.

DigiFT to Launch On-Chain Index Fund with Tokenized Apple, Tesla Shares

DigiFT, a Singapore-regulated cryptocurrency exchange, has announced plans to launch what it claims is the first index fund where shares and underlying stocks are tokenized and traded on-chain. In partnership with investment firm Hash Global, DigiFT will introduce two index funds: one tracking top AI stocks and another tracking leading crypto assets. The platform, licensed by Singapore’s Monetary Authority, aims to replace traditional portfolio management infrastructure with smart contracts and stablecoins. Investors can subscribe to and redeem from the funds using USDT or USDC, with real-time fund holdings viewable on the blockchain.

Binance Wallet Suspends Staff Member Over Front-Running Allegations

The Binance Wallet team has suspended a staff member accused of using confidential information from their previous roles at BNB Chain to front-run a token launch. The employee allegedly purchased coins via multiple wallets ahead of a Token Generation Event (TGE), later selling part of the holdings for quick profits. Binance’s investigation found no evidence that other Wallet team employees were involved in insider trading, clarifying that the information used was based on data obtained while the suspended employee was at BNB Chain, not on the Wallet team.