Propine Technologies Pte. Ltd.

Propine Capital, based in Singapore, specializes in digital asset custody solutions, enabling secure management and storage of cryptocurrencies and tokenized assets for institutional clients. Propine Technologies Pte. Ltd. operates as a digital asset custody provider, focusing on securing cryptocurrency and tokenized assets for institutional investors.

Founded in 2018 in Singapore, the company has engaged in 5 deals. Tuhina Singh is the CEO, bringing experience from previous ventures. Recently, Propine raised USD 3. 40 mn in a Series B funding round, bringing the total amount raised to USD 3.

40 mn and achieving a current company valuation of USD 53. 416 mn. The latest deal, completed on October 22, 2024, involves an acquisition by Komainu Holdings Limited, enhancing their market position in the Asia Pacific region. Propine Capital offers services in digital asset custody, focusing on the secure management and storage of cryptocurrencies and tokenized assets for institutional clients.

Their solutions are designed to meet the stringent compliance and security requirements of modern financial institutions, facilitating robust digital asset management while ensuring regulatory adherence. In the most recent fiscal year of 2023, Propine Capital reported revenue of USD 189,395. The company recorded an EBITDA of USD -4,373,912 for the same year, indicating their current financial performance amidst their growth strategy. Looking ahead, Propine Capital plans to leverage recent funding to expand its digital asset custody services across new markets in the Asia Pacific region, aiming to establish a regional center for custodial services.

The acquisition by Komainu Holdings Limited will enhance their capabilities and support growth initiatives, ensuring they meet the increasing demand for digital asset management solutions.