BitGo has achieved a major regulatory milestone. The company has secured the coveted Major Payment Institution License from the Monetary Authority of Singapore (MAS), marking a crucial step in its expansion into the Asian market.
BitGo’s Regulatory Achievement in Singapore
BitGo, a leading provider of digital asset solutions has successfully obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This development follows the company’s in-principle approval received several months ago and marks a significant milestone in the their expansion into the Asian market.
Notably, the new license allows them to offer regulated digital payment token services in Singapore. Clients will now have access to buying and selling digital assets through their insured cold storage custody solution, housed within a class III vault. The company’s platform will provide aggregated deep liquidity alongside its industry-leading trading and custody services.
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