BitGo Secures Major Payment Institution License in Singapore, Eyes Asian Market Expansion
- BitGo has received the Major Payment Institution License from the Monetary Authority of Singapore (MAS).
- This license enables BitGo to offer regulated digital payment token services in Singapore.
- Clients can now buy and sell digital assets through BitGo’s insured cold storage custody solution housed in a class III vault.
- BitGo achieved a significant legal victory in a lawsuit against Galaxy Digital earlier this year.
BitGo CEO Mike Belshe emphasized Singapore’s role as a leading financial hub in Asia, noting that the new license allows the company to meet diverse client needs—from regulated custody and trade to self-custody wallets. This positions BitGo as the only firm in the region offering such a wide range of services.
With this regulatory milestone and recent legal victories, BitGo is poised for substantial growth in the Asian market, potentially reshaping the landscape of digital asset services in the region.
