There is a lot of research presently on synthesis of nanosized particles because of their unique chemical and physical properties. We will present the synthesis of nanoparticles using silicone based functional molecules, which could be converted to cross linked matrixes. We are using trimethoxysilylpropyl isocyanurate for stabilizing platinum and palladium nanoparticles. Preliminary results show that this molecule could be hydrolyzed to silicone based cross linked material. Further research will focus on potential application of these particles as catalyst for various chemical transformations.