Bovill regulatory consultant partners with Blockchain Saas company Chintai

Bovill regulatory consultant partners with Blockchain Saas company Chintai

Bovill, the international regulatory consultancy, has partnered with Chintai, a Singapore-based SaaS company that uses blockchain technology to streamline the life cycle of regulated assets in capital markets. With Bovill's support, Chintai is on the critical path towards authorization from the Monetary Authority of Singapore as a Recognized Market Operator (RMO) to conduct issuance and secondary market operations on their comprehensive capital markets platform. Bovill has helped organizations in Asia, Europe, and the US interact with regulators for over twenty years.
 
Bovill and Chintai are also collaborating in a global rules-mapping exercise to automate regulatory controls for cross-border trade and settlement. This will allow multi-jurisdictional coverage and licensing as the Chintai platform expands. Chintai reports that 50-75% of costs associated with compliance for issuers is eliminated with their platform.
 
Damon Batten, Head of Capital Markets at Bovill commented, "It's a pleasure to be working with the ambitious Chintai team, who provide their clients with the "Shopify" model for regulated digital assets on blockchain. We believe their innovative model can play a key role in the development of digital assets as a core part of the broader capital markets ecosystem."
 
David Packham, Co-Founder and CEO of Chintai states, "We selected Bovill because of their proven track record helping companies in the digital asset industry engage regulators. Their guidance will be instrumental in our ability to adapt our comprehensive product suite to meet regulatory requirements and gain MAS licensing." 
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