# Digital asset companies expanding in Singapore > Live situation record from CLSTR: https://clstr.news/situations/digital-asset-companies-expanding-in-singapore > Updated: 2026-09-09T06:07:02.000Z. Sources: 6. Developments: 2. 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. ## Timeline ### 2026-09-09: 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 sources. https://clstr.news/cluster/gemini-secures-major-payment-institution-licence-in-singapore ### 2026-09-03: 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. 5 sources. https://clstr.news/cluster/bitgo-opens-singapore-office-to-anchor-apac-expansion --- Cite as: Digital asset companies expanding in Singapore. CLSTR, https://clstr.news/situations/digital-asset-companies-expanding-in-singapore