The fintech company Chintai has established its new Asia-Pacific headquarters in Singapore.
Given its fintech-friendly ecosystem, robust regulatory compliance framework and open and progressive environment for digital assets, Chintai has set its sights on strategically expanding its investment and presence within the Asia-Pacific.
On a journey to establish itself as a prominent provider of blockchain-backed digital assets, Chintai’s newly found footing in Singapore is the first in a series of moves to expand into the wider Asia-Pacific market. As of the 1st November, the digital assets company took up offices within the 80RR Fintech Hub co-working space; located in the financial heart of the city.
The company’s vision is backed by well-known global venture capitals of blockchain technology such as B1, Cryptology Asset Group, Collective Capital, Peer Venture Partners, Chimera Wealth, and partnered with Bovill, an independent financial services regulatory consultancy.
It is actively engaging the state’s fintech community and continues to work closely with the Singapore Fintech Association and Blockchain Association of Singapore to drive initiatives across industry, commerce and education.
The company is also a gold sponsor for the current Singapore Fintech Festival Global Fintech Awards 2021 and is actively hiring talent for its Singapore office.
Reports state that the fintech is actively welcoming financial institutions such as banks and asset managers to join its beta institutional digital asset platform programme.
As a blockchain technology provider for compliant issuance of digital assets, Chintai provides a platform for institutions and SMEs to create, issue, and tokenise traditional assets in capital markets. This platform provides institutions with a way to set up their own issuances, in an interoperable compliance protocol for digital assets that bring efficiencies and cost savings in comparison to current practices in the market. The institutional beta programme includes various asset classes and market tools to drive that adoption.
David Packham, Founder of Chintai, comments: “Our focus on Singapore is a natural decision due to its world-class financial infrastructure, business environment and regulatory framework. As we set our sights on tapping into the broader Asia-Pacific market, we see a strong potential for blockchain adoption by institutions in this region, with Singapore being a major key market that will lead the way. With our team of experts that come with deep experience in banking, capital markets and blockchain technology, we are confident in elevating the overall level of the blockchain ecosystem in Singapore, especially at the institutional level.”