Business Wire India
Institutional-Grade Offerings Include Regulated Custody, 24/7 Trading and Settlement, and an All-in-One Token Management Platform
Received Major Payment Institution License from Monetary Authority of Singapore in August
BitGo Singapore Pte. Ltd. (“BitGo Singapore”), a subsidiary of BitGo, Inc., today announced its official launch to provide regulated and secure digital asset custody, trading, settlement, and token management services to the broader APAC region. The launch comes after BitGo obtained its Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.
Key features of BitGo Singapore’s platform include:
- Secure, Regulated Cold Storage: BitGo Singapore’s regulated custody offering supports over 1,100 digital assets–the broadest coverage of the top 100 tokens among custodians in the market. Leveraging decades of experience, multi-sig technology and backed by up to $250MM in insurance coverage, its custody offers unparalleled controls, security and speed for withdrawals.
- Seamless Electronic and Voice Trading: Clients can access deep liquidity directly from cold storage 24/7/365 through BitGo Singapore’s trading platform, which is available via API, UI, or voice trading. The platform relies on top-tier liquidity providers to ensure competitive pricing, optimal trade execution, and unmatched flexibility and speed for withdrawals.
- Automated Settlement via BitGo Singapore’s Go Network: Go Network addresses industry needs by mitigating counterparty risk with highly efficient DVP settlement processes and access to exchange liquidity. By enabling instant fiat and crypto transfers along with exchange access without pre-funding, Go Network increases operational and cost efficiency for clients in the region.
- The First and Only Full-Service Token Management Solution: Built on BitGo’s advanced security infrastructure, BitGo Singapore’s token management solution offers foundations, protocols, and organizations in APAC an automated, user-forward, custody-native solution for efficient token vesting, unlocking, and on-chain activities in a compliant, insured environment.
“We are thrilled to launch BitGo Singapore and offer the APAC region a best-in-class suite of digital assets solutions and regulated infrastructure services,” said Youngro Lee, CEO of BitGo Singapore Pte. Ltd. “Our team is committed to providing our clients with the highest quality products and services while maintaining strict regulatory standards. We look forward to further strengthening the APAC digital assets ecosystem.”
“I am thrilled to announce our partnership with BitGo Singapore, a recognized leader in digital asset custody solutions. By leveraging BitGo’s robust custodial infrastructure, we aim to enhance our ability to serve businesses throughout Southeast Asia with reliable and secure Bitcoin and Lightning Network services,” said Albert Buu, co-Founder and CEO of Neutron Pay Inc. “This collaboration marks a significant milestone in our mission to expand access to efficient, fast, and secure digital payments, empowering businesses in the region to unlock the full potential of Bitcoin-powered solutions.”
The launch of BitGo Singapore underscores Singapore’s prominent role as a central hub within the digital asset ecosystem, as well as the increasing demand for institutional-grade solutions across the APAC region. The company’s comprehensive suite of digital asset services will address the sophisticated needs of the market while solving some of the biggest challenges around security, regulatory compliance, and operational efficiency.
“We are excited to partner with BitGo as they expand their presence in Singapore, a market where openness to crypto and the speed of innovation create an ideal environment for growth,” said Yoann Turpin, co-Founder of Wintermute. “Having recently expanded our own footprint in the region, we see strong potential for collaboration in addressing the sophisticated needs of institutional players. By working together, we aim to build a more robust environment for institutions and drive meaningful growth across APAC’s digital asset markets.”
BitGo has operated in APAC since 2015, having forged strong partnerships with leading institutions across the region and supporting the growth of the digital assets industry. The launch marks the beginning of BitGo’s mission of enhancing the utility and adoption of digital assets in APAC, setting the stage for new developments that will propel the region forward as the leader in the ecosystem.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing, and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges, and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian.
For more information, please visit www.bitgo.com/singapore.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241120998726/en/
The post BitGo Singapore Launches to Provide Comprehensive Digital Asset Services to APAC appeared first on Social News XYZ.
