SINGAPORE, April 17,
2024 /PRNewswire/ -- In an innovative move that
blends the stability of traditional finance with the flexibility
of decentralized finance (DeFi),
Peach Tech Limited (via strategic investment manager, Kepler Global
Management Limited), and MetaComp Pte Ltd, a Major Payment
Institution licensed holder permitted by the Monetary Authority of
Singapore (MAS) to provide Digital
Payment Token Services, are proud to announce the launch of the
Peach Investment Fund Token (PIF Token). This strategic initiative
follows the growing integration of blockchain technologies in
financial markets, as seen in the successful deployment of
Bitcoin ETFs and the rapid expansion of
DeFi platforms, allowing Real-World Asset (RWA) tokens
to be transferred on the Blockchain while keeping an oversight of
ownership and safety of the underlying assets.
The PIF Token Scheme, registered with the MAS' CISNET, offers a
secure and compliant channel for investing in assets like USD
deposits, Money Market Funds, and Treasury Bills. The legal and
regulatory frameworks governing the PIF Token ensure that it meets
stringent standards for safety, compliance, and transparency,
making it a true landmark development in the financial sector,
boosting investor confidence and enhancing liquidity.
Mr David Koh, Co-Founder of Peach
Tech, discussed the strategic impact of the collaboration, stating,
"The PIF Token is designed to meet the high standards of liquidity
and flexibility demanded by modern investors, blending the best of
blockchain efficiency with the robust safety protocols of
traditional finance."
Dr. Bo Bai, Executive Chairman
and Co-Founder of MetaComp, highlighted the innovations brought
about by the PIF Token, adding, "This token is not just a step
towards future-proofing our financial ecosystems, but also a
significant advancement towards our belief in being the bridge that
links Traditional Finance with Crypto-Finance. We
believe that this collaboration will be able to offer both
traditional Accredited Investors and Corporation alike with a
unique opportunity to leverage digital assets in a safe and
compliant manner."
About Peach Tech Limited (http://peach.tech)
Peach Tech is leading the charge in bridging the gap between
traditional financial assets and blockchain technology, developing
products that enhance market efficiency, transparency, and
accessibility. Headquartered in Hong
Kong, Peach Tech continues to push the boundaries of what is
possible in finance.
About MetaComp Pte Ltd (www.mce.sg)
MetaComp is a leading Singapore-based digital asset platform that is
licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payments Services
Act. Operating under a P2B2C (platform-to-business,
partners-to-clients) model, MetaComp provides an integrated
end-to-end suite of services to its clients, empowering them to
confidently enter the digital asset market with the much-needed
safety, security, and compliance. Together with its parent company
Metaverse Green Exchange Pte. Ltd (a MAS licensed CMS holder
permitted to carry our inter alia, brokerage and custody), MetaComp
introduces its suite of services through CAMP by MetaComp, a
regulated Client Assets Management Platform, allowing businesses to
develop and scale their digital asset offerings through OTC and
exchange trading services, fiat payment, digital asset custody and
prime brokerage.
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SOURCE MetaComp Pte. Ltd.