Singapore/Hong Kong, 14 November 2023 – ChainUp was awarded Best Institutional Custody & Asset-Servicing Solution for Digital Assets in the 6th Regulation Asia Awards for Excellence 2023 at an in-person ceremony on 14 November 2023.
This award recognises crypto custody and asset-servicing solutions that provide bank-grade security architecture and advanced legal and compliance controls that meet the needs of regulated entities, while also offering flexibility to facilitate self-management of digital asset investments.
ChainUp Custody was recognised for its secure and scalable custody solution, which leverages distributed key storage technology, enables users to retain their private keys, and grants them full control of their digital assets. The platform offers advanced security features and simplifies the backup and recovery of private keys, mitigating the single-point-of-failure risk associated with private key management and boosting the security of self-managed assets.
The platform also offers features such as whitelisting, KYT, KYC, integration with wallet team member identity management systems, and risk management tools such as trade approval workflows to control access to digital assets and prevent unauthorised use. ChainUp Custody supports the major cryptocurrencies and tokens, as well as Web3 services such as staking and dApps, providing flexibility for firms to manage diverse portfolios from within a single platform.
The Regulation Asia Awards judging panel described ChainUp Custody as a “robust” solution that helps to minimise regulatory risk and offers significant flexibility to firms looking to deal in digital assets in a “safe and compliant way”. The judges also highlighted the solution’s configuration flexibility, private key recovery tool and trading workflow integration capabilities, saying these features help to “give comfort” to institutional investors involved in digital assets.
About the Regulation Asia Awards for Excellence 2023
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the 2023 award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.