DigiFT will launch CUBX, Southeast Asia's first tokenized product for regulated fintech loans

According to official announcements, Singapore's licensed cryptocurrency exchange DigiFT will launch CUBX, Southeast Asia's first tokenized product for regulated fintech loans. The token is issued by Docking Tech, a Singaporean company, and its underlying asset is the accounts receivable of BantuSaku, a P2P lending platform regulated by OJK in Indonesia, with an expected annualized yield of 12%. The proceeds from the issuance will be used to provide digital small loans to individuals and small and medium-sized enterprises in Indonesia.