Chintai, a Singapore-based software as a service (SaaS) company, made waves today with the announcement of a significant financing round led by the tech-focused investment firm B1.
The investment aims to accelerate the growth of Chintai’s asset tokenisation pursuits, particularly as they gear up to launch their core regulated platform.
Chintai has raised an undisclosed sum in a round that positions the company for an ambitious takeoff. B1, known for its technological investment acumen, has taken the lead in this financing round, marking a pivotal moment for Chintai as it prepares to advance its offerings in the blockchain space.
Renowned for its innovative approach, Chintai is redefining capital markets infrastructure through blockchain technology. With two regulatory licenses from the Monetary Authority of Singapore, Chintai offers a pioneering platform that can be tailored by financial institutions to create regulated digital assets. This encompasses a wide array of offerings from bonds to real estate and carbon credits, aiming to tap into a substantial market cap forecasted to reach $16 trillion by 2030.
Chintai founder and CEO, David Packham, expressed his enthusiasm for the future, “B1 has supported us every step of the way to build a unique and powerful technology stack for regulated real world digital assets. We are excited to see our vision come to life and see clients using the technology to innovate. Our clients can now create disruptive business opportunities with our technology, increase operational efficiency, and new avenues of fundraising.”
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