Crypto Management

Crypto Management

CryptClearTM

CryptClearTM is an institutional-grade Instant Settlement Network (ISN), providing real-time transactions of a variety of digital assets and fiat at any scale. This allows you to quickly move assets to and from your exchange accounts and take advantage of the crypto market’s volatility all within the bounds of an institutional-grade digital assets custody platform, Pro-TectTM.

The number of platforms connected to CryptClearTM is growing constantly to give you the broadest outreach within a regulated walled-garden environment. The service is seamlessly integrated into the Propine’s systems, adding exponential value with no added complexity as it expands, bringing you closer to your clients and partners while removing credit risk.

DeFi-nityTM

DeFi-nityTM is your regulated window into the DeFi world. With just one click away, this income generation platform allows you to safely connect with yield-generating solution providers in facilitating returns from cryptocurrency deposits through staking, borrowing & lending as well as other forms of liquidity mining.

ISO 27001 Certified

Propine is the first digital assets custodian to be awarded an ISO 27001 certification, which is an internationally recognised specification for information security management. Audited by TÜV SÜD, an internationally accredited independent product testing service, Propine maintains information security management systems and determines which technical controls to implement so as to keep crucial information assets secure.

Threat Detection and Incident Response

To stay ahead of the evolving threat environment and to ensure ongoing resiliency, we continuously monitor and respond to threats using tools including Web Application Firewalls, Intrusion Detection Systems, Endpoint Detection, and Response (EDR) solutions, and Anomaly Detectors, which provide visibility on risky accesses and anomalous activities across our entire infrastructure and application landscape.

Application and Infrastructure Security

We have adopted DevSecOps for our Development and Engineering practices and have automated Static and Dynamic Code analysis along with Dependency scanning tightly into our CI/CD pipelines. Vulnerabilities and Configuration drifts across infrastructure and applications are monitored on a continuous basis and remediated on priority on detections.

Digital Assets Insurance

To ensure peace of mind for our clients, all digital assets held in Propine’s custody are covered by 3 types of insurances, in accordance with the regulatory requirements of MAS.

  • Directors and officers liability (D&O) Insurance
  • Professional Indemnity Insurance (PII)
  • Crime / Theft insurance
Digital assets are covered in the event of:
  • Wrongful acts by Propine employees (such as negligent acts, errors, and omissions or breaches of professional duty)
  • Third-party hacks of storage environment
  • Theft of private keys

Highly Available and Scalable Solution in Partnership with IBM

Propine’s suite of institutional grade, blockchain-agnostic solutions are built on IBM Hyper Protect Services. The IBM’s LinuxOne technology is currently used by major financial institutions for running business critical services and securing sensitive data for many years. In addition, it is the only service built on FIPS 140-2 Level 4 certified hardware, the highest security standard possible.