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 Malaysia Sun 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 Malaysia Sun.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
Washington, DC [US], July 8 (ANI): President Donald Trump said on Monday night (local time) that the US is close to reaching a trade...
Washington, DC [US], July 8 (ANI): US President Donald Trump on Monday (local time) shared letters sent by his administration to 14...
In his letters addressed to the leaders of Japan and the ROK, Trump said the new tariffs will be separate from all other sectoral tariffs....
Goods from South Korea and Japan will be subjected to only a 25% levy, the president said ...
Rio de Janeiro [Brazil], July 7 (ANI): Prime Minister Narendra Modi has highlighted India's rich cultural heritage and craftsmanship...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...