Chintai and Passion Venture Capital sign a Memorandum of Understanding in Singapore to bridge traditional finance with blockchain technology

SINGAPORE,Jan. 10,2023 --Chintai,aSingapore-based Blockchain Platform-as-a-Service (BPaaS) company that utilises blockchain technology to modernise capital markets for financial institutions,signed a Memorandum of Understanding (MoU) with Passion Venture Capital (PVC) to forge closer collaboration between traditional finance and adoption of security tokens.

David Packham,Chintai Founder,said,"We are proud to work with PVC by providing a regulated blockchain platform for digital assets tokenisation and a marketplace. This allows potential clients to embrace digital assets confidently. With an on-chain automated compliance engine embedded in our solutions,this is the perfect technology for regulated products such as bonds,real estate or funds". He adds,"The team at PVC are veterans in the financial world,and with their experience in capital markets,they are an ideal partner for us."

PVC is a pioneer in supporting innovative fintech start-ups in Asia. Davy J. Goh,the Chief Executive Officer,"We have a progressive DNA in our company,and we are passionate about the potential of digital assets in this region. Our approach is to ensure we work within a regulated framework that provides greater assurance to investors and business partners". Davy continues,"With the CMS and RMO licences,Chintai can help clients navigate the complexity of regulated digital assets with robust corporate governance framework and full transparency".

The MoU will form the foundation of future partnerships as a part of the convergence between traditional finance and blockchain technology.

About Chintai

Chintai is a Singapore company regulated and licenced by the Monetary Authority of Singapore. Founded in 2019,the Chintai platformutilises blockchain technology to modernise capital markets for banks,financial institutions,and asset managers. The end-to-end solution offers traditional finance companies a one-stop platform with a robust automated compliance engine powered by our proprietary solution Sentinel-AI.Chintai's product suite includes dynamic issuance,automated compliance,reporting,data reconciliation,cap table management,automated corporate actions,liquidity,instant settlement,and more. The strategic intent is to bridge the world of traditional finance with a blockchain technology platform and build a new competitive advantage with our clients. For more information,please visit chintai.io.

About Passion Venture Capital

Passion Venture Capital is a Capital Market Services (CMS) licensed Fund Manager founded by Davy J. Goh. Davy has more than three decades of business,banking and finance industry experience serving both local and international companies. His passion for investing and growing Fintechs and innovative businesses led him to start PVC. For more information,please visit passion-venture.com