Hydra X becomes first APAC custodian to provide custody for Canton Coin
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Hydra X becomes first APAC custodian to provide custody for Canton Coin 20 November 2024Singapore Reporter: Clelia Frondaroli
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Hydra X, a regulated capital markets infrastructure organisation, has become the first licensed custodian in APAC to provide custody for Canton Coin.
In partnership with SBI Ven Capital, the Singapore-based fintech Hydra X, aims to offer a regulatory compliant infrastructure for digital capital markets. It is said to bridge the transition from traditional to digital assets by providing asset-agnostic solutions which will help improve interoperability.
The company says this marks a new milestone in providing secure and private infrastructure for tokenised financial markets and highlights the region’s expansion in regulated digital asset innovation.
“Hydra X’s strong track record in regulatory compliance and security makes it an ideal partner for this initiative. This partnership is a crucial step in delivering the secure, privacy-preserving infrastructure that is required to foster confidence in digital assets for institutional players across APAC," comments Eiichiro So, CEO of SBI Ven Capital.
Chief operation officer of Hydra X, Ng Wee Hao, adds: “This partnership with Digital Asset and SBIVC enables us to leverage the full power of the Canton Network’s privacy and security features, reinforcing our commitment to providing secure, regulatory-compliant solutions.”
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