BitGo, a US-based crypto custody company, has announced the launch of its Singapore subsidiary on Thursday. The new subsidiary will offer regulated token management services to the Asia Pacific region. The launch is a result of BitGo obtaining the Major Payment Institution License from the Monetary Authority of Singapore in August 2024.
According to the announcement, BitGo’s custody service now supports over 1,100 digital assets. Clients of BitGo Singapore can access deep liquidity directly from cold storage, and the trading platform is available through API, user interface, or voice trading. The platform also connects with top liquidity providers to ensure competitive pricing.
BitGo Singapore’s infrastructure also allows for automated settlement, enabling institutional clients to securely and efficiently trade and settle digital assets. According to BitGo Singapore CEO Youngro Lee, the company is excited to offer the Asia Pacific region a range of digital asset solutions and regulated infrastructure services.
In addition, BitGo has partnered with Neutronpay, allowing customers to send and receive payments using the Bitcoin Lightning Network.
