Propine, a licensed and regulated digital asset platform, is partnering with Watiga to provide digital asset services.
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.
According to a statement by the two companies, both parties will combine their expertise in trust and digital asset custodian services to gain competitive advantages over providers that have yet to adopt the blockchain-enabled digital economy.
As crypto activity grows, globally, the custody business is evolving to adapt due to the convergence of traditional and digital economic landscapes.
Whether an institution or individual needs asset safekeeping, the collaboration aims to provide clearly defined governance policies and controls to offer this service. The partnership is expected to generate new 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, said they are excited about the strategic collaboration with Propine as we continue to focus on building a future-proofed range of solutions, to meet our clients’ individual requirements.
Tuhina Singh, CEO of Propine, stated:
“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”.
Propine is the first and only licensed digital asset custody service provider holding a CMS licence issued by the Monetary Authority of Singapore.