Hydra X, a regulated capital markets infrastructure organisation, has become the first licensed custodian in APAC to provide custody for Canton Coin.

In partnership with SBI Ven Capital, the Singapore-based fintech Hydra X, aims to offer a regulatory compliant infrastructure for digital capital markets. It is said to bridge the transition from traditional to digital assets by providing asset-agnostic solutions which will help improve interoperability.

The company says this marks a new milestone in providing secure and private infrastructure for tokenised financial markets and highlights the region’s expansion in regulated digital asset innovation.