DigiFT’s infrastructure just got an upgrade.
As part of our broader push towards cross-chain capabilities, DigiFT now allows investors to subscribe using stablecoins on and receive tokens minted on another destination chain that is supported by DigiFT. This upgrade enhances our operability while maintaining compliance and operational integrity.
This upgrade was designed to enhance the user experience across ecosystems, focusing on two core objectives: interoperability and composability.
- Let investors interact with DigiFT products across different chains without disrupting off-chain fund workflows.
- Enable DigiFT tokens to be embedded into DeFi applications like vaults, liquidity pools, or staking protocols.
How The Upgrade Works
We deployed a new subscription and redemption module that connects DigiFT’s cross-chain platform logic to our token contracts. Here’s how the process works:
- Investors subscribe to DigiFT tokens using stablecoins on their selected source chain.
- Stablecoins are transferred to DigiFT’s smart contract and routed through our off-chain API infrastructure.
- DigiFT coordinates USD delivery and settlement to the product issuer.
- Upon confirmation, the token is minted on the investor’s chosen destination chain.
For example, an investor can now subscribe to a DigiFT token using USDC on Ethereum and have the token minted and tradeable on Arbitrum.
Rather than building a one-off integration, this upgrade was designed to be modular. Future protocols can integrate with DigiFT tokens without requiring structural changes. The cross-chain logic is abstracted to the platform layer, enabling support for multiple chains and vault systems over time.
First Live Case
The first live case is the integration of iSNR, the Invesco US Senior Loan Strategy token, into the Plume Nest Vault. Investors can subscribe to iSNR on Ethereum, have it minted on Plume, and delivered to their Plume wallet via the Nest Vault.
Future enhancements include the ability to subscribe from any support blockchain, and to choose any destination wallet on any chain to receive the DigiFT token post-subscription.
Looking to integrate your protocol with DigiFT’s flow?
Reach out to us at [email protected]
Disclaimer: DigiFT and/or its affiliates endeavor to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained on this article. This is not an advertisement making an offer or calling attention to an offer or intended offer. Before making any investment decision, please seek independent legal and financial advice. This document is distributed in Singapore only to Accredited Investors and Institutional Investors within the meaning of Securities and Futures Act 2001 and is not intended for investors who are not such accredited investors. DigiFT accepts no legal responsibility for the content of this article to other investors, which is not intended for them.
