BitGo has announced the official launch of its Singapore operation designed to provide regulated and secure digital asset custody, trading, settlement, and token management services to the broader APAC region.
The cryptocurrency firm obtained its Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.
“Highest quality products and services while maintaining strict regulatory standards”
Youngro Lee, CEO of BitGo Singapore Pte. Ltd, said: “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. 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.”
Albert Buu, Founder and CEO of Neutronpay, Inc, commented: “I am thrilled to announce our partnership with BitGo Singapore, a recognized leader in digital asset custody solutions. By leveraging BitGo’s robust custodial infrastructure, we aim to enhance our ability to serve businesses throughout Southeast Asia with reliable and secure Bitcoin and Lightning Network services. This collaboration marks a significant milestone in our mission to expand access to efficient, fast, and secure digital payments, empowering businesses in the region to unlock the full potential of Bitcoin-powered solutions.”
Yoann Turpin, co-Founder of Wintermute, said: “We are excited to partner with BitGo as they expand their presence in Singapore, a market where openness to crypto and the speed of innovation create an ideal environment for growth. Having recently expanded our own footprint in the region, we see strong potential for collaboration in addressing the sophisticated needs of institutional players. By working together, we aim to build a more robust environment for institutions and drive meaningful growth across APAC’s digital asset markets.”
Cold storage, electronic/voice trading, automated settlement, token management
BitGo Singapore’s platform features secure, regulated cold storage as well as electronic and voice trading, automated settlement via BitGo Singapore’s Go Network, and a full-service token management solution:
- BitGo Singapore’s regulated custody offering supports over 1,100 digital assets–the broadest coverage of the top 100 tokens among custodians in the market. Leveraging decades of experience, multi-sig technology and backed by up to $250MM in insurance coverage, its custody offers unparalleled controls, security and speed for withdrawals.
- 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. The platform relies on top-tier liquidity providers to ensure competitive pricing, optimal trade execution, and unmatched flexibility and speed for withdrawals.
- 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.
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.
The company is an infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing, and settlement out of regulated cold storage. Founded in 2013, BitGo focuses exclusively on serving institutional clients.
BitGo secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian.
