According to Odaily, Aegis Custody, a cryptocurrency custody technology solution from a local bank in Hong Kong, has announced the establishment of a digital asset custody and tokenization lab, Aegis Prime. The lab is supported by Cyberport and aims to provide tokenization solutions that comply with the requirements of the Securities and Futures Commission and the Monetary Authority. The solutions are intended for asset management companies, brokers and dealers, banks, family offices, and insurance companies. Aegis Prime has appointed Wu Ziquan as its CEO.
Aegis Prime will provide a User Acceptance Testing (UAT) environment for financial institutions. This will allow them to test their capabilities in various areas, including the subscription and redemption of physical Exchange Traded Funds (ETFs) in spot exchanges, the deposit and withdrawal capabilities of virtual currencies in virtual asset trading, stablecoin custody and distribution, and various tokenization use cases such as tokenized funds, tokenized bonds, and tokenized trade debts.