- BitGo has received a Major Payment Institution license from the Monetary Authority of Singapore (MAS), allowing it to offer regulated digital asset services
- The license enables BitGo to provide secure custody and trading solutions for digital tokens in Singapore
- This milestone marks a significant step for BitGo’s operations in Asia, enhancing its ability to deliver unparalleled digital asset solutions to clients across the region
BitGo, a top digital asset solutions provider, has just been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS).
This recognition lets BitGo offer regulated digital payment token services, including secure custody and trading solutions, which strengthens its position in the Asian market.
The MAS says that BitGo is now one of 27 MPI-licensed firms, along with some big names in the industry like Coinbase, Circle, HashKey, Paxos, Revolut, Ripple, and others.
BitGo Secures Major Payment Institution License in Singapore
BitGo, a company that helps people manage their digital assets, just got approval as a Major Payment Institution from Singapore’s Monetary Authority (MAS). This is on top of the initial approval they received a few months ago.
Thanks to this license, BitGo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions.
Singapore is a top financial center in Asia, according to CEO Mike Belshe, who says that BitGo has one-of-a-kind offerings with a full range of services.
Youngro Lee, CEO of BitGo Singapore, said this is a big moment for BitGo in Asia. It means the company can now offer its clients in the region and beyond the best digital asset solutions around.
Conclusion
With the new license, BitGo is ready to take the next step in its expansion in Asia. They’ll be offering clients in the region and beyond a wide range of digital asset solutions.
This is a big deal for Singapore. It’s now a major hub for financial innovation.
