Crypto-custody provider and securities firm, Propine, has graduated from the Monetary Authority of Singapore’s fintech regulatory sandbox program, emerging with a Capital Markets Services License and the green light to commence full operations.
The Singapore-based securities services firm for institutional clients was admitted entry to the MAS regulatory sandbox on Nov. 8, 2019 and participated for just over a year before being granted approval to exit on Jan. 7, according to a recent post on the firm’s website.