Matrixport subsidiary Fly Wing receives Major Payment Institution License from MAS in Singapore

Fly Wing Technologies Pte Ltd (“Fly Wing”), an entirely owned subsidiary of Matrixport, the world’s main and largest one-stop crypto monetary companies platform in Asia, at present introduced that it has been granted the Major Payment Institution (“MPI”) License by the Monetary 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 acquired in October, underscoring Fly Wing’s dedication to regulatory compliance and operational excellence.

John Ge, Co-founder and CEO of Matrixport, acknowledged, “We are thrilled that Fly Wing has received its license from the MAS. This marks a significant step in our ongoing expansion across the Asia-Pacific region. We look forward to providing high-quality Digital Payment Token services to users in Singapore.”

Having acquired its license from the MAS, Fly Wing is well-positioned to construct a powerful basis for its long-term development, driving steady innovation in the digital finance sector. Moving ahead, Fly Wing will proceed to supply modern Digital Payment Token companies securely and transparently and can proceed to optimize blockchain-driven Digital Payment Token companies, enabling seamless entry for customers getting into the Web 3.0 trade.

About Fly Wing Technologies Pte Ltd

Founded in 2019, Fly Wing Technologies Pte. Ltd. (“Fly Wing”) is an entirely owned subsidiary of Matrixport, a number one digital asset monetary companies 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 firm engages in OTC companies for purchasers to on- and off-ramp Digital Payment Tokens, facilitating over $100 million in month-to-month transactions and offering liquidity for main cryptocurrencies.

Fly Wing has acquired the MPI License from MAS to supply Digital Payment Token companies for OTC buying and selling in Singapore.

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

About Matrixport

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

As a Group and thru its native subsidiaries, Matrixport has acquired the Trust or Company Service Provider / Money Lender Licenses in Hong Kong and the FINMA Asset Management License in Switzerland. The firm operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ.

Matrixport was acknowledged by CB Insights as one of many “50 Most Promising Blockchain Companies” and was featured in the Hurun “2024 Global Unicorn List.” Its subsidiary, Fly Wing, has acquired the MPI License from MAS in Singapore.

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