Blogs

Blogs

Be my own bank? No way!

As a result of the recent crypto winter, we have learnt a lot about custody and regaining control. Investors realise the importance of working with independent custodians, which are insured and licensed, following the collapse of high-profile companies.

They recognise that interacting with an established centralised entity that can perform due diligence can be beneficial. They must work with a trusted third-party custodian that can help to minimise tech, cybersecurity, and credit risks and one that can provide a solid legal framework that can withstand a court of law during stressful times.

Taking reference from Simple, the next-generation market intel, data & insights lab, which focuses on helping family offices and private investors to professionalise and be future-ready, the three most important factors to consider for custody providers are:

1. REGULATION,

2. INSURANCE, and

3. TIE-INS WITH ADDITIONAL FINANCIAL SERVICES

Accordingly, these three features offer maximum security and benefit from digital assets. Full article here.

So does Propine fit the bill? The answer is a resounding YES.

On regulation:
Yes, Propine is the first independent #digitalasset custodian that is regulated, and equipped with a CMS license by the Monetary Authority of Singapore

On insurance:
Yes, all our client’s assets are insured by a leading global insurance provider.

On tie-ins with additional financial services:
Yes, Propine has a suite of institutional-grade, blockchain-agnostic solutions that cater to all digital assets, including digital securities, cryptocurrencies, stablecoins, NFTs, and fiat. Our state-of-the-art solutions not only protect our client’s assets from theft and fraud, but we also offer them a range of additional financial services, from tokenization and digital securities to crypto trading and settlement, as well as yield-generating opportunities of the #DeFi world.

What’s more, every aspect of our business is audited by trusted third parties, and we are ISO 27001 and SOC Type 2 certified. We partner with IBM to develop first-of-its-kind hardware-hardened digital asset custody infrastructure built on FIPS 140-2, level four certified HSM, which is quantum resistant.

To find out more, please visit our website at www.propine.com or contact us at contact@propine.com.


  • Share this Article

You May Also Like