First Licensed Digital Asset Custodian
Established in 2018, Propine is the first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS). Propine’s bespoke institutional solutions are at the forefront of innovation, well-paced in the paradigm shift that is surging through global financial systems architectures.
Propine was admitted into the MAS FinTech Regulatory Sandbox and granted a conditional license in November 2019. Over a year later, the company successfully exited from the Sandbox in Jan 2021 with a Capital Market Services license, to custody digital assets.
Since then, Propine has substantially increased its investment pace, assembling an impressive array of investors, including SGInnovate, Seeds Capital by Enterprise Singapore, Woodstock Fund, Lunex, Endeavour Ventures, BTC Inc., Wave Financial, NEM Ventures, Angel Central, MTZ, and Decacorn Capital.