Propine offers a cloud-based, hardware-hardened digital asset custody solution that ensures regulatory compliance and investor protection through its Capital Markets Services license from the Monetary Authority of Singapore. The platform enables institutional clients to securely hold, trade, and stake both digital and fiat assets while minimizing cybersecurity and credit risks.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DCEFWDFounders
Product
Problem
Institutional investors face significant challenges in securely storing, managing, and utilizing digital assets due to cybersecurity threats, regulatory complexities, and the need for robust risk management frameworks. Existing custody solutions often lack the necessary security infrastructure and compliance certifications required to meet institutional standards. This creates a barrier to entry for institutions looking to participate in the digital asset market.
Solution
Propine provides a cloud-based digital asset custody platform designed for institutional clients, offering a secure and compliant solution for holding, trading, and staking digital and fiat assets. The platform utilizes a hardware-hardened security infrastructure and bank-grade risk governance technology to minimize cybersecurity and credit risks. Propine holds a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), ensuring regulatory compliance and investor protection. The platform offers intuitive workflows, policy configuration, and comprehensive defense against diverse financial risks, all audited by accredited third parties.
Target Audience
Propine primarily targets banks, asset managers, exchanges, corporate entities, and protocol foundations seeking a secure and compliant digital asset custody solution.
Features
- Hardware-hardened security infrastructure in collaboration with IBM
- Support for custody of NFTs, cryptocurrencies, and tokenized assets
- Fiat on/off ramp capabilities
- Bank-grade risk governance technology
- Customizable policy configuration
- Multi-layer defense against cyber attacks, credit risks, tech risks, and counterparty risks
- SOC 2 Type II and ISO 27001 certifications
- Integration with trading and DeFi solutions
- White-label custody platform services