Digital Custody

Digital Custody

ProTectTM – Security First, Everything next.

At the core of the Propine’s solution is ProTectTM, a one-stop, fully integrated digital asset custody platform that supports all major blockchains and tokens. Our institutional-grade solution provides highest levels of certified security, compliance and granular governance policies for safeguarding multiple asset classes including digital securities, cryptocurrencies, stable coins, NFTs and Fiat while ensuring ease of access to your digital assets in our custody.

ProTectTM stands unique because it enables our customers just to focus on their businesses, leaving the rest with us.

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 provide 24×7 Incident Response support available through a trusted third-party provider, should a breach occur. We continuously monitor our infrastructure for threats using tools including Web Application Firewalls, Intrusion Detection Systems, Endpoint Detection, and Response (EDR) solutions, and Anomaly Detectors and have ensured 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.