BitGo has officially launched its subsidiary, BitGo Singapore, three months after obtaining a major payment institution license from the Monetary Authority of Singapore (MAS). This new venture aims to cater to institutional demand in the Asia Pacific (APAC) region by offering regulated digital asset custody, trading, and token management services. CEO Youngro Lee emphasized the commitment to strict regulatory compliance to enhance the local crypto ecosystem. Singapore is recognized as a key crypto hub in Asia, providing regulatory clarity and operational licenses, which will facilitate access to Southeast Asian markets. To support its business, BitGo has partnered with algorithmic trading firm Wintermute, though details of this partnership were not disclosed. The MAS has also been active in promoting asset tokenization, conducting numerous trials with various institutions to develop infrastructural support for scaling crypto projects. Overall, BitGo’s expansion marks a significant step forward in providing institutional-grade crypto services in a rapidly evolving digital landscape.

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