DNZ and Chintai have announced three pilot projects. The first pilot is DNZ’s climate action token, a marketplace for white labelling, token issuance and token marketplace management.
White labelling occurs when the manufacturer of an item uses the branding requested by the purchaser, or marketer, instead of its own.
Next is a blockchain technology centre in Phuket that uses Chintai to fractionalise illiquid assets targeted at accredited and institutional investors.
Finally, a luxury pool development in Phuket named Botanica The Valley is using Chintai for automated client onboarding, management and payments.
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“Chintai is the ideal blockchain platform for us because it’s regulated by the Monetary Authority of Singapore. It has a robust risk framework and technology for digital assets, which is vital for our clients,” says DNZ CEO Danny Pang.
Chintai’s CEO David Packham says: “It’s great to be working hand-in-hand with DNZ, who can leverage the strengths of our platform to scale its growth with tokenisation. While our regulated platform is designed for various industries, climate change will impact us all, so it’s exciting to see it used for sustainable initiatives so early on.”
Founded in 2019, Chintai received in-principle approval for the Capital Markets Services (CMS) license from MAS in April 2022.
