26 March 2024 - RigSec, a leading regulatory technology company, is pleased to announce that it has been named the "Best Tool of the Year" by PANews at the PANews Party Award 2024.
The PANews Party Award honors outstanding achievements and contributions to the digital assets and Web3 industry over the past year. Awards are determined based on input from industry experts, analysts, and a public vote. The "Best Tool of the Year" evaluation considered criteria like innovation, client impact, and industry adoption.
RigSec was selected for its RegTech solution, which has enabled exchanges and institutions globally to navigate complex regulatory requirements and successfully obtain operating licenses. Notable clients using the solution include exchanges that have secured licenses from regulators such as Certified Crypto Asset Exchanges (CAESP) from Japan’s Financial Services Agency (JFSA), Major Payment Institution (MPI) license from Monetary Authority of Singapore (MAS), and Indonesia’s National Digital Asset Depository license. Additionally, RigSec is assisting several companies to apply to the Hong Kong Securities and Futures Commission (SFC) for the Virtual Asset Trading Platform (VATP) license .
"We are thrilled and humbled to receive this recognition from PANews," said Sarah Ye, CEO of RigSec. "Since launching six years ago, our goal has been to make compliance less burdensome through innovative technology. This award is a testament to our talented team and their diligent work enhancing our platform to meet the rapidly evolving needs of the digital asset industry."
Going forward, RigSec will continue enhancing its solution with new modules and features tailored for jurisdictions rolling out digital asset frameworks. The company remains committed to empowering responsible growth and innovation through its regulatory-first approach.
About RigSec
Founded in 2018, RigSec is a blockchain RegTech company that provides one-stop, regulatory-compliant self-custody solutions for digital asset service providers such as exchanges, custodians, digital payment service providers, and digital banks. As the industry's first regulatory technology provider, RigSec provides customized solutions that align with the specific needs of each enterprise, enabling them to meet the requirements of different regulatory environments at various stages.
To discover more about how RigSec supports regulatory compliance and safeguards digital assets, please visit https://www.rigsec.com/self-custody-solutions or contact our Business Development Manager, Christina Liu, at [email protected].