Rebeca Moen
Mar 06, 2025 01:28
Fly Wing Applied sciences, a Matrixport subsidiary, obtains the Main Fee Establishment License from Singapore’s MAS, enhancing its digital finance choices within the Asia-Pacific area.
Fly Wing Applied sciences Pte Ltd, a subsidiary of Matrixport, has efficiently obtained the Main Fee Establishment (MPI) License from the Financial Authority of Singapore (MAS). This improvement marks a major milestone for the corporate, reinforcing its dedication to regulatory compliance and operational excellence within the digital finance sector.
Strengthening Digital Finance Providers
With this new license, Fly Wing is positioned to reinforce its position as a trusted Over-the-Counter (OTC) desk in Singapore. The approval follows an preliminary in-principle consent obtained in October, reflecting Fly Wing’s dedication to adhering to Singapore’s stringent monetary regulatory requirements.
The MPI License allows Fly Wing to supply complete Digital Fee Token providers, offering seamless entry to blockchain-driven monetary options for its clientele. The corporate goals to assist each crypto and conventional finance sectors, facilitating over $100 million in month-to-month transactions and offering liquidity for main cryptocurrencies.
Matrixport’s Imaginative and prescient for Enlargement
John Ge, Co-founder and CEO of Matrixport, expressed enthusiasm about Fly Wing’s licensing achievement. He emphasised that this improvement is pivotal in Matrixport’s strategic growth throughout the Asia-Pacific area. “We sit up for offering high-quality Digital Fee Token providers to customers in Singapore,” Ge said.
Matrixport, the father or mother firm, is a number one digital asset monetary providers platform with $6 billion in property underneath administration. It provides a variety of providers, together with crypto buying and selling, funding, and custody, to its world consumer base. The corporate’s ongoing growth is supported by numerous licenses, together with these in Hong Kong, Switzerland, and now Singapore.
About Fly Wing Applied sciences
Established in 2019, Fly Wing Applied sciences serves a various group of shoppers, together with crypto miners, buying and selling corporations, and high-net-worth people. The corporate makes a speciality of OTC providers, enabling shoppers to on- and off-ramp Digital Fee Tokens effectively.
The acquisition of the MPI License from MAS permits Fly Wing to solidify its presence within the digital finance trade, promising steady innovation and safe, clear providers for its customers.
For extra info, go to the official Matrixport Weblog.
Picture supply: Shutterstock