PANews reported on August 7th that DigiFT, a licensed Singapore-based crypto exchange, will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. The token, issued by Singapore-based Docking Tech, is based on accounts receivable from BantuSaku, an Indonesian P2P lending platform regulated by the OJK. The token has an expected annual yield of 12%. Proceeds from the issuance will be used to provide digital microloans to individuals and small and medium-sized enterprises in Indonesia.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact
[email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.