Watiga partners with Propine for trust and fiduciary services in digital asset custody
Updated: Feb 21, 2022
[Singapore] February 17, 2022 – Watiga, a professional services group of companies located in Singapore, is working in tandem with Propine, Singapore’s first independent Monetary Authority of Singapore (MAS) licensed digital asset custodian.
Both parties will combine their expertise in trust and digital asset custodian services to gain key competitive advantages over providers that have yet to adopt and embrace the evolving blockchain-enabled new digital economy. This collaboration also improves overall client experience as the process is executed seamlessly on the digital ecosystem.
With cryptocurrencies gaining significant traction over the past few years, the custody business is evolving into a rich and dynamic market that involves various options and participants due to the convergence of traditional and digital economic landscapes. Bringing institutional grade custodian services for fiat currencies and digital assets, prospective clients can now have more options through Watiga’s one-stop solution to their trusteeship and custodial needs.
Be it traditional currencies or cryptocurrencies, institutions, family offices and high-net worth individuals can be certain of their assets safekeeping through clearly defined governance policies and controls. Additionally, this new line of service creates further opportunities for prospective clients to expand their investment breadth through Watiga’s fiduciary, trust and fund administration, corporate secretarial or legal services for their personal, professional and commercial needs.
Matt Richards, Founder and CEO of Watiga: “We are excited about this strategic collaboration, as we continue to focus on building a future-proofed range of solutions, to meet our clients’ individual requirements. The combination of Watiga and Propine’s combined regulated status will be valuable to deliver the transaction and custody assurance”.
Tuhina Singh, CEO of Propine: “Watiga, a licensed Trust company and Approved Trustee by MAS, have been servicing private equity, venture capital and other alternative investments throughout Southeast Asia for last ten years. They epitomise how to embrace the future without letting go of the best lessons learnt from the past. Propine is committed to bridging the gap between traditional and decentralized finance. Propine-Watiga collaboration provides a window into the future, where CeFi and DeFi will work seamlessly together. We are thrilled to be working with such forward looking partners”.
Watiga is an independent professional services group of companies located in Singapore, providing trust, funds, corporate and legal services focusing on private equity, venture capital, mezzanine and other alternative and cross-border investments. Watiga Trust Ltd is a Licensed Trust Company and an Approved Trustee for Collective Investment Schemes, regulated by the Monetary Authority of Singapore.
Additional information about Watiga is available at www.watiga.com.
Established in 2018, Propine is the first and only licensed digital asset custody service provider holding a CMS licence by MAS and an ISO 27001 certification. Our one stop solution caters to all digital asset custody needs including digital securities, cryptocurrencies, stable coins, NFTs and fiat on a single integrated platform called Protect.
Propine also provides end-to-end securities services, from tokenization to asset servicing and post-trade activities.
Additional information about Propine is available at www.propine.com. Follow Propine on LinkedIn, Twitter and Telegram.
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