XinFin appoints custodian Propine to secure digital assets on the its blockchain for institutional Clients
The partnership will allow the XDC ecosystem to benefit from institutional-grade security, fully compliant and insured custody service, together with layered governance and security practices built in for safe maintenance and delivery.
Tuhina Singh, CEO, and Co-Founder of Propine commented: “We are excited about our alliance with XinFin – a blockchain designed to tackle challenges in international trade finance tokenization. They combine a public blockchain with a private network in order to get the best of both worlds.”
“As a customer-focussed custodian, our foremost concern is the safety of crypto and other tokenized digital assets like NFT. With the increasing institutional demand for greater security, ease of use, and compliance, we are constantly challenging ourselves to improve our infrastructure that is able to bridge the gap between different blockchain ecosystems while enabling clients to benefit from our blockchain-agnostic custody services”, she continued.
The digital assets held in Propine’s ProTectTM digital asset custody platform are covered by insurance, in accordance with the regulatory requirements of MAS.
Ritesh Kakkad, co-founder of XinFin XDC Network said, “This Integration brings together the best of regulated Traditional institutional products expertise to the tokenized ecosystem, we see this step as the next step in the evolution of the growing digital/tokenized assets ecosystem being built on the XDC network.”