PR Newswire
23 Aug 2022, 05:35 GMT+10
SINGAPORE, Aug. 23, 2022 /PRNewswire/ -- CHINTAI, a leading blockchain tokenisation platform in Singapore, has received the capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS) to conduct the regulated activity of dealing in capital markets products, including securities and units in a collective investment scheme (CIS). Chintai received an In-Principle Approval from MAS in April this year.
David Packham, CEO and Executive Director, commented, "This is a great milestone for our team because it's a testament to Chintai's technology, security framework and compliance processes to support regulated institutional clients." He added, "We are thrilled to receive this licence from MAS because we can start engaging and onboarding clients who are ready to deploy their digital asset strategy with Chintai". David shared, "Our business model as Blockchain Platform-as-a-Service (BPaaS), which allows us to scale up rapidly to accommodate the growing demands in digital asset tokenisation, will accelerate with the licence."
As part of the FinTech ecosystem in Singapore, Chintai will continue to play an instrumental role in shaping the adoption of digital asset tokenisation. "I am also very excited to announce that we will publish an industry report in Digital Asset Tokenisation that addresses the trends, challenges and opportunities in the Asia Pacific by this September," David concluded.
Chintai is a Singapore company regulated and licensed by the Monetary Authority of Singapore. Founded in 2019, the Chintai platform utilises blockchain technology to modernise capital markets for banks, financial institutions, and asset managers. The end-to-end solution offers traditional finance companies a one-stop platform with a robust automated compliance engine powered by our proprietary solution Sentinel-AI. Chintai's product suite includes dynamic issuance, automated compliance, reporting, data reconciliation, cap table management, automated corporate actions, liquidity, instant settlement, and more. The strategic intent is to bridge the world of traditional finance with a blockchain technology platform and build a new competitive advantage with our clients. http://chintai.io
Follow Chintai on LinkedIn, Twitter and Telegram.
SOURCE Chintai
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...
Birmingham [UK], July 5 (ANI): Indian skipper Shubman Gill concluded a record-breaking Birmingham Test against England with breathtaking...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...