BitGo announces official launch of BitGo Singapore
BitGo Singapore Pte. Ltd, a subsidiary of BitGo, Inc., has officially launched 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.
BitGo Singapore’s regulated custody offering supports over 1,100 digital assets. 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.
BitGo Singapore’s 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.
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.”
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.