SGX licenses bitcoin index to Propine

Propine is the first MAS-licensed digital asset custodian.

The Singapore Exchange (SGX) is licensing its iEdge Bitcoin Index to Propine, a Bitcoin ETF service provider and the first licensed digital asset custodian by the Monetary Authority of Singapore.

Originally developed in collaboration with UK-based CryptoCompare, the iEdge Bitcoin Index was released amidst strong market demand and has also continued to receive strong interest from market stakeholders since its launch.

“As enthusiasm in index-linked passive investing continues to grow, investors’ demand for access to emerging and big market themes in a low-cost and efficient manner is on the rise. We are therefore delighted to be partnering with Propine, as it sees increasing market interest for this digital asset,” said Managing Director and Head of Data Ng Kin Yee of Connectivity and Indices, SGX.

Tuhina Singh, CEO of Propine, also described the move as a major step for the region’s asset managers and investors interested in Bitcoin.

Follow the links for more news on

CryptoCompare

Propine

SGX RegCo

Bitcoin

Singapore cryptocurrency

Also Read

ESR-LOGOS secures $225m and JPY15.5b sustainability-linked term loans

Singapore leads SEA in FinTech funding

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit