BitGo Singapore, a subsidiary of BitGo, has marked its official launch after BitGo obtained its Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.
“We are thrilled to launch BitGo Singapore and offer the APAC region a best-in-class suite of digital assets solutions and regulated infrastructure services,” said Youngro Lee, CEO, BitGo Singapore.
“Our team is committed to providing our clients with the highest quality products and services while maintaining strict regulatory standards. We look forward to further strengthening the APAC digital assets ecosystem.”
BitGo boasts the broadest coverage of the top 100 tokens among custodians in the market – backed by up to $250m insurance coverage.
The launch of BitGo Singapore underscores Singapore’s prominent role as a central hub within the digital asset ecosystem, as well as the increasing demand for institutional-grade solutions across the APAC region. The company’s comprehensive suite of digital asset services will address the sophisticated needs of the market while solving some of the biggest challenges around security, regulatory compliance, and operational efficiency.
BitGo has operated in APAC since 2015, having forged strong partnerships with leading institutions across the region and supporting the growth of the digital assets industry. The launch marks the beginning of BitGo’s mission of enhancing the utility and adoption of digital assets in APAC, setting the stage for new developments that will propel the region forward as the leader in the ecosystem.
