Chintai anticipates conducting regulated Digital Asset dealing in Capital Market Products
Chintai, a Singapore based fintech company that uses blockchain technology to modernise capital markets, announced it has received in-principle approval for the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), a leading financial regulator in Asia. The license enables Chintai to conduct regulated activity dealing in capital markets products. This includes the issuance of securities and units in a collective investment scheme (CIS).
David Packham, CEO and Executive Director, commented, “Singapore is Chintai’s global headquarters because of its progressive regulation in digital assets, the multicultural talent pool, and the robust governance in the financial sector. We founded Chintai in 2018, and after evaluating different jurisdictions globally, Singapore stood out for us as an innovative hub and business community that is leading in digital assets .” He added, “We are incredibly excited to be granted the in-principle approval from MAS and aim to play an instrumental role in developing the blockchain and digital assets space in Singapore“.
Latest Fintech News: Coherent Raises $75 Million Series B Led by Maverick Capital to Ignite Business Software Development for the Hybrid-Work Era
Chintai will expand its team in Singapore in the near term as hiring has started early this year. “We are doing everything we can to hire the best and the brightest to join the blockchain space, and hopefully, Chintai will be their top choice. We have a community focused culture, as demonstrated by our collaborations with The National University of Singapore Business School and sponsored awards for Singapore knowledge-driven enterprises during the Singapore Global FinTech Awards 2021 organised by the Singapore FinTech Association.”
Chintai will be able to offer security assets tokenisation to accredited and institutional investors upon fulfilling the requirements set forth by MAS.
Latest Fintech News: Crypto Trailblazer Transitions to Full Financial Services Provider Following Dutch Brokerage Licence
Chintai is a Singapore-based Fintech company, established in 2019, that utilises blockchain technology to modernise capital markets for banks, financial institutions, and asset managers. Chintai’s product suite includes dynamic issuance, automated compliance, reporting, data reconciliation, cap table management, automated corporate actions, liquidity, instant settlement, and more.
Latest Fintech News: Decentral Life Launches New Digital Wallet and Payment Platform
[To share your insights with us, please write to firstname.lastname@example.org]