Hong Kong, 5 July 2023 – Scintilla, headquartered in Dubai with offices in Hong Kong, is a digital asset creation platform, created in collaboration with DLA Piper and operating within an unparalleled regulatory framework, signs joint business relationship with PwC Hong Kong to offer Blockchain solutions to PwC’s global suite of clients.The Scintilla offering includes end-to-end virtual assets solutions, empowering asset owners, issuers and investors to solve real world problems and promote financial inclusion. Scintilla achieves this unparalleled offering by creating data rich tokens that align to a wide variety of underlying assets such as real estate, funds, shares, IP rights, and digital art. Scintilla can deploy virtual assets on multiple public blockchains, whilst maintaining privacy and confidentiality by only making this information available to permissioned user.The agreement marks an exciting milestone for the FinTech industry in which Scintilla and PwC will work together on projects to promote the development of the Virtual Asset ecosystem, including building a use case leveraging the Scintilla tokenization platform. This will serve to further open up opportunities for securities markets for both issuers and investors alike. With the business relationship agreement, PwC Hong Kong now has the ability to now offer enhanced security, transparency, and efficiencies to their global suite of clients, allowing barriers of asset illiquidity to be overcome.
Peter Brewin, partner, PwC Hong Kong says “The Scintilla platform has a number of features which we believe our clients will see value in. These include the ability to customise token attributes and data sets to fit a wide variety of different underlying asset classes (real estate, funds, IP rights, digital art and trade finance), the ability to mint tokens on a variety of public blockchains (e.g. Ethereum, Polygon, Hedera, Algorand etc), but at the same time to immutably bind backing legal documents and data files to that same token on a separate permissioned blockchain that maintains privacy and confidentiality by only making this information available to those that have been granted access.” Scintilla remains committed to improving the world and reshaping the virtual asset management landscape through cutting-edge technology, regulatory compliance, and a user-centric approach, the agreement bringing this commitment to a wider audience.
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PiperDLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.
DLA Piper is working with Scintilla to solve the inefficiencies of today’s capital markets by leveraging distributed ledger technology. Scintilla is a digital asset creation platform that couples the compliance and regulatory rigor of a global law firm with the innovative technology solutions of tomorrow. Scintilla provides a platform for creating new markets and uses distributed ledger technology to disseminate market information and provide transparency.
At PwC, our purpose is to build trust in society and solve important problems. We are a network of firms in 152 countries with nearly 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
PwC Mainland China, Hong Kong SAR and Macau SAR work together on a collaborative basis, subject to local applicable laws. Collectively, we have over 800 partners and more than 20,000 people in total. We provide organisations with the professional service they need, wherever they may be located. Our highly qualified, experienced professionals listen to different points of view to help organisations solve their business issues and identify and maximise the opportunities they seek. Our industry specialisation allows us to help co-create solutions with our clients for their sector of interest. We are located in these cities: Beijing, Shanghai, Hong Kong, Shenyang, Tianjin, Dalian, Jinan, Qingdao, Zhengzhou, Xi’an, Nanjing, Hefei, Suzhou, Wuxi, Wuhan, Chengdu, Hangzhou, Ningbo, Chongqing, Changsha, Kunming, Xiamen, Guangzhou, Shenzhen, Macau, Haikou, Zhuhai and Guiyang. ContactPeter Craughwell, PwC, +852 2289 8696, peter.pc.craughwell@hk.pwc.com
