STASIS Partners with Propine to Securely Custody Its EURS Stablecoin
Singapore, 6th November 2023, ZEX PR WIRE, Stasis, a prominent European fintech company partners with Propine, Asia’s most trusted, enterprise-grade digital asset custodian licensed by the Monetary Authority of Singapore (MAS) to custody their stablecoin EURS. EURS is 1:1 backed by Euro (€), combining the benefits of the world’s second most traded currency with the transparency, immutability, and efficiency of the blockchain.
- This integration marks yet another milestone for the rapidly growing EURS network.
- Propine’s partnership with STASIS and EURS cements Propine’s commitment to provide secure, safe options for institutional clients to access the digital assets ecosystem.
STASIS will deploy ProTectTM platform, Propine’s hyper-secure, battle-tested custody solution to store and safely manage their assets. The fulfillment of STASIS’ trading requirement for EURS will be accomplished through Daenerys, a trusted partner of Propine, which holds an exemption under the Payment Services Act (“PSA”) granted by the MAS.
Gregory Klumov, CEO, STASIS said “We are pleased with our association with Propine. We are very strategic in choosing highly credible partners to serve our patrons. Propine provides best-in-class security and compliance that meets the exacting standards of the institutional clients with its robust platform, secure and segregated custody solution.”
Tuhina Singh, Founder and CEO Propine said, “As the world gradually embraces the digital currencies and assets, compliant and regulated stablecoins such as EURS are a crucial step in deepening institutional participation in the DeFi world. We are glad to broaden our offering to our clients and bring to them EURS, the largest euro-backed stablecoin.”
Propine is a licensed, audited and insured digital asset custodian headquartered in Singapore. The company is engaged in transforming how digital assets are stored and traded by providing reliable, secure and scalable solutions to institutional clients. Propine also enables investors to tokenize previously illiquid asset classes such as corporate bonds, real estate, private equity, funds, art, natural resources, and derivatives. The company is geared to support clients in unlocking their potential within a regulatorily compliant and legally robust framework.
About STASIS & EURS:
STASIS is a European financial technology firm that develops customer-friendly instruments to enable institutional and retail customers to manage digital currencies and public blockchains for payments and settlements, e-commerce, and DeFi. The company issues, governs, and manages EURS, the only legal stablecoin in the EU, accessible in 175 world countries and audited by the top 5 global audit firms.
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