Matrixport Subsidiary Fly Wing Receives Major Payment Institution License from MAS in Singapore

Fly Wing Applied sciences Pte Ltd (“Fly Wing”), an entirely owned subsidiary of Matrixport, the world’s main and largest one-stop crypto monetary providers platform in Asia, at present introduced that it has been granted the Main Fee Establishment (“MPI”) License by the Financial Authority of Singapore (“MAS”).

With this license approval, Fly Wing will proceed constructing its position as a trusted Over-the-Counter (“OTC”) desk in Singapore. This license follows the in-principle approval obtained in October, underscoring Fly Wing’s dedication to regulatory compliance and operational excellence.

John Ge, Co-founder and CEO of Matrixport, said, “We’re thrilled that Fly Wing has obtained its license from the MAS. This marks a major step in our ongoing growth throughout the Asia-Pacific area. We look ahead to offering high-quality Digital Fee Token providers to customers in Singapore.”

Having obtained its license from the MAS, Fly Wing is well-positioned to construct a robust basis for Fly Wing’s long-term development, driving steady innovation within the digital finance sector. Transferring ahead, Fly Wing will proceed to supply revolutionary Digital Fee Token providers securely and transparently and can proceed to optimize blockchain-driven Digital Fee Token providers, enabling seamless entry for customers coming into the Net 3.0 business.

About Fly Wing Applied sciences Pte Ltd

Based in 2019, Fly Wing Applied sciences Pte. Ltd. (“Fly Wing”) is an entirely owned subsidiary of Matrixport, a number one digital asset monetary providers platform in Asia. Fly Wing serves a various clientele, together with crypto miners, buying and selling corporations, funding corporations, and high-net-worth people from each crypto and conventional finance. The corporate engages in OTC providers for patrons to on- and off-ramp Digital Fee Tokens, facilitating over $100 million in month-to-month transactions and offering liquidity for main cryptocurrencies.

Fly Wing has obtained the MPI License from MAS to supply Digital Fee Token providers for OTC buying and selling in Singapore.

Fly Wing official web site: https://www.flywing.com/

About Matrixport

Based in 2019, Matrixport is the world’s main all-in-one hub for crypto monetary providers. The platform is dedicated to offering each person with a personalised Tremendous Account that integrates crypto buying and selling, funding, mortgage, custody, RWA, analysis and extra. With $6 billion in AUM (belongings below administration), Matrixport affords world customers numerous crypto-financial options designed for optimum capital effectivity and sustainable returns.

As a Group and thru its native subsidiaries, Matrixport has obtained the Belief or Firm Service Supplier / Cash Lender Licenses in Hong Kong, and the FINMA Asset Administration License in Switzerland. The corporate operates as an Appointed Consultant within the UK, is registered as an MSB within the US, and is a member of Switzerland’s FINMA SRO-VFQ. It was acknowledged by CB Insights as one of many “50 Most Promising Blockchain Corporations” and featured within the Hurun “2024 International Unicorn Record.” Moreover, Matrixport’s subsidiary, Fly Wing, has obtained the MPI License from MAS in Singapore.

Matrixport official web site: https://www.matrixport.com

About The Writer

Gregory, a digital nomad hailing from Poland, just isn’t solely a monetary analyst but additionally a useful contributor to varied on-line magazines. With a wealth of expertise within the monetary business, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at present devoted to writing a e book about cryptocurrency and blockchain.

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