Singapore/Hong Kong, 15 December 2020 – Onchain Custodian was Highly Commended in the Regtech category for Blockchain in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020.
Onchain Custodian provides enterprise grade custody services for the cryptoasset sector, offering institutional and professional investors certainty that their digital assets are held securely – and insured. Its clients need to go through a stringent onboarding process with complete KYC information collected in advance.
The Onchain Custodian platform has been adopted by about 60 institutional and sophisticated clients across Asia Pacific, including digital asset exchanges, crypto funds, licensed payment infrastructures, licensed trustees, high net worth individuals, family offices and corporates.
”Onchain Custodian is playing an important role in driving the legitimacy of digital assets across the region,” said one judge on the awards panel. “By adhering to strict customer onboarding protocols and relevant security best practices, Onchain Custodian has become one of the most well known names in the industry.”
Other judges highlighted Onchain Custodian’s transaction monitoring capabilities, segregation of cryptoasset wallets, and its ability to provide full auditability and transparency on transactions and holdings as key factors that warrant recognition. “They have a true compliance mindset, and serves as a model for others to follow,” said another judge.
About the Regulation Asia Awards for Excellence 2020
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that have helped meet the challenges of the ever-changing and increasingly complex regulatory landscape in Asia Pacific. Each year, submissions are diligently evaluated and award winners selected by a panel of industry experts serving as judges.
The full list of award winners is available here.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.