Major

insurance

USDC

Neutron

<div class="intro-text">
 BitGo Singapore, a subsidiary of BitGo, Inc., officially<a style="color: #0000ff;" href="https://www.businesswire.com/news/home/20241120998726/en/BitGo-Singapore-Launches-to-Provide-Comprehensive-Digital-Asset-Services-to-APAC" rel="noopener noreferrer nofollow"> launched</a> its operations in the APAC region after securing its Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.&nbsp;
</div>
Youngro Lee, CEO of BitGo Singapore, expressed excitement about the launch, stating,&nbsp;
<blockquote>
 “We are thrilled to launch BitGo Singapore and offer the APAC region a best-in-class suite of digital asset solutions and regulated infrastructure services.”
</blockquote>
He highlighted the company’s commitment to delivering high-quality products while adhering to strict regulatory standards.
Albert Buu, CEO of Neutron Pay Inc., welcomed a partnership with BitGo Singapore to enhance digital asset custody for Southeast Asian businesses. He emphasized that this collaboration will improve access to secure Bitcoin and Lightning Network services, empowering regional companies to leverage Bitcoin solutions effectively. Yoann Turpin, co-founder of Wintermute, also praised the collaboration, noting that it aligns with their shared vision for regional growth and developing a more robust digital asset ecosystem.
The platform provides regulated digital asset custody, trading, settlement, and token management services, supporting over 1,100 assets and offering up to $250 million in insurance for enhanced security. Key features include secure cold storage, 24/7 trading access via API, UI, or voice, and automated settlement through BitGo’s Go Network for instant fiat and crypto transfers. Additionally, it offers a comprehensive token management solution for compliant vesting and on-chain activities. This launch reinforces Singapore’s digital asset hub role, meeting the region’s increasing institutional demand.
This development comes after BitGo<a style="color: #0000ff;" href="https://defi-planet.com/2024/08/bitgo-receives-license-in-singapore-to-offer-crypto-services/" rel="noopener noreferrer nofollow"> secured</a> a Major Payment Institution License from Singapore’s Monetary Authority in August, enabling it to operate as a regulated crypto services provider in the region. The subsidiary is the first full-service token management solution tailored for the APAC market. Additionally, they recently <a style="color: #0000ff;" href="https://defi-planet.com/2024/09/bitgo-to-challenge-usdt-and-usdc-with-launch-of-fair-reward-stablecoin-usds-in-2025/" rel="noopener noreferrer nofollow">announced</a> their intention to challenge the stablecoin dominance of Tether’s USDT and Circle’s USDC by launching a new product in January 2025.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/11/bitgo-singapore-launches-regulated-digital-asset-solutions-in-apac-region/" rel="noopener noreferrer nofollow">BitGo Singapore Launches Regulated Digital Asset Solutions in APAC Region</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

BitGo Singapore Launches Regulated Digital Asset Solutions in APAC Region

DeFi Planet

Other articles published on Nov 21, 2024

Justin Sun paid $6M for a banana taped to a wall and now plans to eat it

Pennsylvania House of Representatives Introduces Bill to Hold Bitcoin as Reserve Asset

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero (21 Nov)

FTX provides timeline for creditor and client reimbursement payouts

Binance on BFUSD: Not a Stablecoin, High-Yield Concerns Addressed

Best 5 Chainlink Alternatives for 2024: Top-Tier Blockchain Innovations to Watch

Join our free newsletter for daily crypto updates!