{"id":108037,"date":"2021-01-11T12:19:26","date_gmt":"2021-01-11T12:19:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108037"},"modified":"2021-01-11T12:19:26","modified_gmt":"2021-01-11T12:19:26","slug":"crypto-custody-firm-leaves-singapores-regulatory-sandbox-with-license-iso-rating-crypto-custody-firm-propine-leaves-singapores-regulatory-sandbox-with-license-iso-rating","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/crypto-custody-firm-leaves-singapores-regulatory-sandbox-with-license-iso-rating-crypto-custody-firm-propine-leaves-singapores-regulatory-sandbox-with-license-iso-rating\/","title":{"rendered":"Crypto Custody Firm Leaves Singapore&#x27;s Regulatory Sandbox With License, ISO Rating  Crypto Custody Firm Propine Leaves Singapore&#x27;s Regulatory Sandbox With License, ISO Rating"},"content":{"rendered":"<p>Propine, a Singapore-based digital asset custody provider, announced Monday it has been awarded a capital markets services license from the Monetary Authority of Singapore (MAS).<\/p>\n<ul>\n<li>The news comes as Propine graduates from the MAS FinTech Regulatory Sandbox, which allows financial institutions to experiment with new financial products under the close eye of the central bank.<\/li>\n<li>The company was admitted to the sandbox to provide digital asset custody services in November 2019.<\/li>\n<li>The firm also exits the sandbox with what it claims is the first ISO 27001 certification for a crypto custody provider.<\/li>\n<li>The ISO 27001 certification is an international standard providing a framework for preserving the confidentiality and integrity of vital data.<\/li>\n<li>\u201cCompliant infrastructure is a bedrock on which the foundations of the security token ecosystem are created,\u201d said Propine CEO Tuhina Singh, in reference to MAS&#8217; regulatory framework for digital assets.<\/li>\n<li>As well as custody, Propine offers digital asset servicing, trade settlement facilitation and investor reporting with a focus on institutional clients.<\/li>\n<\/ul>\n<p><strong><em>Read more: <\/em><\/strong><strong><em>MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity<\/em><\/strong><\/p>\n<p>Source: <a href=\"https:\/\/www.coindesk.com\/crypto-custody-firm-leaves-singapores-regulatory-sandbox-with-license-iso-rating\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Propine, a Singapore-based digital asset custody provider,<\/p>\n","protected":false},"author":3,"featured_media":108036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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