BitGo Singapore Launched to Drive Potential in APAC Region Market

Key Points:

• BitGo launched a Singapore subsidiary after obtaining a Major Payment Institution License from the MAS.
• BitGo Singapore provides custody for over 1,100 digital assets, 24/7 cold storage trading, and automated token management.

BitGo, a leading digital asset services company, has announced the launch of a subsidiary in Singapore, furthering its expansion into the APAC region.

Read more: BitGo Korea Partners With South Korean Giants SK and Hana

BitGo Expands Digital Asset Operations in Asia-Pacific

The move comes weeks after BitGo secured a Major Payment Institution License from the Monetary Authority of Singapore back in August 2024. It reflects the company’s commitment to offering regulated and secure services.

BitGo Singapore, the new entity, is now targeting a wide range of digital asset solutions, which also include custody, trading, settlement, and token management. Its custody service currently supports over 1,100 digital assets to provide one of the most comprehensive offerings for top tokens in the market. The security of the platform is enhanced via its multi-signature technology, backed by up to $250 million in insurance; it therefore promises robust security, fast withdrawals, and unparalleled control to its clients.

The trading platform allows users to access deep liquidity directly from cold storage around the clock. Available via API, user interface, or voice trading, the platform partners with leading liquidity providers to ensure competitive pricing and efficient trade execution.

Moreover, BitGo Singapore’s token management solution was based on BitGo’s advanced security infrastructure to allow for automated and compliant support of token vesting, unlocking, and on-chain activities. It will be offering its services to foundations, protocols, and organizations in the APAC region that seek effective and insured solutions.

BitGo Singapore Strengthens Regional Leadership

BitGo has been active in APAC since 2015, formed partnerships with major institutions, and played an important role in the growth of the digital asset industry. The launch in Singapore is very much a milestone in driving the utility and adoption of digital assets in the region.

The exchange has become one of 29 licensed MAS firms, a list which also includes Coinbase, Circle, Ripple, among others, and further cements the company’s status as a leader in the regulated digital asset space.