Fly Wing, a Matrixport subsidiary, has gotten an MPI License from MAS.
The license will bolster Fly Wing’s OTC crypto providers in Singapore.
Matrixport goals to increase digital finance within the Asia-Pacific.
Fly Wing Applied sciences Pte Ltd (“Fly Wing”), a completely owned subsidiary of Matrixport, the world’s main and largest one-stop crypto monetary providers platform in Asia, immediately introduced that it has been granted the Main Cost Establishment (“MPI”) License by the Financial Authority of Singapore (“MAS”).
With this license approval, Fly Wing will proceed constructing its position as a trusted Over-the-Counter (“OTC”) desk in Singapore. This license follows the in-principle approval acquired in October, underscoring Fly Wing’s dedication to regulatory compliance and operational excellence.
John Ge, Co-founder and CEO of Matrixport, said, “We’re thrilled that Fly Wing has acquired its license from the MAS. This marks a major step in our ongoing enlargement throughout the Asia-Pacific area. We stay up for offering high-quality Digital Cost Token providers to customers in Singapore.”
Having acquired its license from the MAS, Fly Wing is well-positioned to construct a robust basis for its long-term development, driving steady innovation within the digital finance sector. Transferring ahead, Fly Wing will proceed to supply modern Digital Cost Token providers securely and transparently and can proceed to optimize blockchain-driven Digital Cost Token providers, enabling seamless entry for customers coming into the Net 3.0 business.
About Fly Wing Applied sciences Pte Ltd
Based in 2019, Fly Wing Applied sciences Pte. Ltd. (“Fly Wing”) is a completely owned subsidiary of Matrixport, a number one digital asset monetary providers platform in Asia.
Fly Wing serves a various clientele, together with crypto miners, buying and selling corporations, funding corporations, and high-net-worth people from each crypto and conventional finance. The corporate engages in OTC providers for purchasers to on- and off-ramp Digital Cost Tokens, facilitating over $100 million in month-to-month transactions and offering liquidity for main cryptocurrencies.
Fly Wing has acquired the MPI License from MAS to supply Digital Cost Token providers for OTC buying and selling in Singapore.
Fly Wing official web site: https://www.flywing.com/
About Matrixport
Based in 2019, Matrixport is the world’s main all-in-one hub for crypto monetary providers. The platform is dedicated to offering each consumer with a customized Tremendous Account that integrates crypto buying and selling, funding, mortgage, custody, RWA, analysis and extra. With $6 billion in AUM (property beneath administration), Matrixport provides international customers various crypto-financial options designed for optimum capital effectivity and sustainable returns.
As a Group and thru its native subsidiaries, Matrixport has acquired the Belief or Firm Service Supplier / Cash Lender Licenses in Hong Kong and the FINMA Asset Administration License in Switzerland. The corporate operates as an Appointed Consultant within the UK, is registered as an MSB within the US, and is a member of Switzerland’s FINMA SRO-VFQ.
Matrixport was acknowledged by CB Insights as one of many “50 Most Promising Blockchain Corporations” and was featured within the Hurun “2024 World Unicorn Listing.” Its subsidiary, Fly Wing, has acquired the MPI License from MAS in Singapore.
Matrixport official web site: https://www.matrixport.com
