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2 clusters · 6 sources · 7 days · First seen · Last updated

Digital asset companies expanding in Singapore

Overview

Digital asset companies are expanding their presence in Singapore through regulated services and regional hubs.

BitGo has established a new office in Singapore to serve as its Asia-Pacific regional hub, noting that its client base in the region has tripled since obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in August 2024. The company has more than doubled its local headcount to support growing institutional demand for regulated crypto custody.

Similarly, Gemini Digital Payments Singapore has secured an MPI license from the Monetary Authority of Singapore following a nearly two-year regulatory process. This license enables the exchange to provide digital payment token services and cross-border money transfers without the volume limits applied to smaller institutions. Gemini, which has operated in Singapore since 2020, utilizes the city-state as a strategic hub for its expansion across Asia.

Entities

Monetary Authority of Singapore · Cameron Winklevoss · Angela Ang · Tyler Winklevoss · Gemini

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Gemini secures Major Payment Institution licence in Singapore

    Gemini Digital Payments Singapore has secured a Major Payment Institution licence from the Monetary Authority of Singapore, enabling expanded crypto and cross-border transfer services.

  2. 9 days ago

    [BUSINESS] 5 sources
    BitGo opens Singapore office to anchor APAC expansion

    BitGo has opened a new office in Singapore to serve as its APAC hub, reporting a threefold increase in regional clients since obtaining its MAS Major Payment Institution license.

Sources

bitcoinethereumnews.com · cointrust.com · cryptobriefing.com · tekedia.com · tokenpost.kr · tronweekly.com