DigiFT Launches CUBX Token Backed by Indonesian P2P Receivables

Singapore-licensed exchange DigiFT introduces Southeast Asia's first regulated fintech loan tokenization product, with CUBX backed by receivables from Indonesia's OJK-regulated BantuSaku and issued by Docking Tech.

Summary

PANews reported on August 7th that Singapore-based DigiFT will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. The token, issued by Docking Tech and based on receivables from Indonesia's OJK-regulated BantuSaku, is expected to yield an annual return of 12% and will fund digital microloans for individuals and SMEs.

Terms & Concepts
  • Tokenized product: A digital asset representing ownership or a stake in an underlying financial asset, such as receivables or loans.
  • P2P lending: A lending model where loans are provided directly between individuals via online platforms, bypassing traditional banks.