Catenaa, Wednesday November 27, 2024-Digital asset services firm BitGo has officially launched a subsidiary in Singapore, aiming to strengthen its offerings in the Asia-Pacific region.
BitGo Singapore will provide a range of services, including cold storage for over 1,100 digital assets, voice trading, automated settlement, and token management for organizations such as foundations and protocols.
BitGo said it was committed to providing its clients with the highest quality products and services while maintaining strict regulatory standards
This expansion follows BitGo’s receipt of the Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August, allowing the firm to offer digital asset services within the country. The company had initially received in-principle approval for the license in January.
The subsidiary’s establishment reflects BitGo’s commitment to catering to the growing demand for digital asset services in the region while adhering to Singapore’s regulatory framework.
By offering a robust suite of services, BitGo Singapore aims to position itself as a leading player in APAC’s evolving digital assets landscape.
