BitGo expands in Southeast Asia with a Singapore subsidiary, offering secure, regulated digital asset custody and trading services.
A California-based company, BitGo, has opened a new subsidiary in Singapore after it received a major payment institution license from the MAS. This is a major development in the company’s quest to increase its international market share. The MAS license means that BitGo can provide regulated services to clients in Singapore and Southeast Asia. This subsidiary will increase the effectiveness of the BitGo platform in meeting the needs of institutional clients in the region, offering them secure digital asset services.
As a licensed company under the Monetary Authority of Singapore, BitGo Singapore is positioned to deliver various services to cater to the increasing need for regulated and secure digital asset management. In addition, the company has a robust infrastructure and over a decade of security experience. As a result, it offers institutional-grade custody and trading services to businesses in Southeast Asia.
The key elements of the product offering include institutional-grade, safe, and compliant wallets for more than 1,100 digital assets; automated, continuous, and around-the-clock trading from cold storage; and real-time crypto and fiat settlement through Go Network. Additionally, it provides businesses with a full range of services for token management if a company needs such a tool.
BitGo Singapore Strengthens Security and Support for Digital Assets
BitGo custody solution is built with sophisticated risk management tools to guarantee that the digital assets are safe. The platform complies with the country’s laws. Further, it has up to $250 million in insurance to ensure the clients’ added security. Cold storage custody protects the assets from hacking, stealing, and losing them, which makes it comforting.
Albert Buu, co-founder and CEO of Neutron Pay, spoke to the significance of infrastructure implemented by BitGo. He said, “By integrating with BitGo’s solid custodial solutions, we plan to improve our capability to provide trustworthy Bitcoin and Lightning Network services to businesses across Southeast Asia.”
This expansion is very important to BitGo Singapore as it will improve its Southeast Asian position. The region is quickly embracing digital assets and blockchain technology. Moreover, BitGo Singapore is committed to providing local support while ensuring users’ digital asset experiences are unparalleled.
Overall, the firm’s launched products and high-level security services offered by BitGo in Singapore redefine the industry standards. It strengthens its position as one of the key market players in the sphere of digital asset.
