Press

While Bitcoin has seen extremely volatile peaks and troughs in its time with its last peak at $68,521 on Nov 5, 2021, there is a growing narrative of Bitcoin as a safe-haven asset especially among the institutional investors. The rising institutional investor demand in digital assets have seen many new players, both traditional institutions and FinTechs offering crypto services that are regulated and licensed.

This week, Fidelity became Canada’s first regulated Bitcoin custodian. The Investment Industry Regulatory Organization of Canada (IIROC) approved Fidelity to launch a new bitcoin trading and custody platform that caters to institutional investors including pension funds, portfolio managers, mutual funds, and exchange-traded funds (ETFs) seeking direct exposure to BTC.

Just like Fidelity Canada, Propine too became Singapore and Asia’s first regulated and fully licensed, independent digital assets custodian earlier this year.

Enormous thanks to Tangany GmbH for highlighting Propine as one of the 14 regulated and licensed digital custodian in Asia and top 100 digital assets custodians globally. This was reported in the recent article on DecentralizedFinance.com by Julian Richter, Head of Sales and Business Development of Tangany GmBh.

Full article here: https://lnkd.in/gygrj2Yj

According to the report, Digital Asset Custodians and Tech-Providers are offering a base layer infrastructure to leverage Blockchain use cases & services for B2B and B2C clients. They play a very important role in the DLT and Crypto industry and offer a gateway for big companies and financial institutions to enter the Crypto and Blockchains space.

If you are looking to future-proof your institutional crypto needs in Asia, look no further. Propine can help to manage and custodise your digital assets with our regulated, secure and bespoke solutions. Visit propine.com or email us at contact@propine.com for more information.