BitGo are pleased to announce that their firm has been approved as a custodian under the new SIX Exchange Regulation Crypto-Asset Rule.
This approval marks another milestone in BitGo’s mission “to make secure, regulated custody available for clients around the world.”
BitGo Europe provides regulated custodial solutions – “backed by a $250M insurance policy.” As BitGo continue to grow, they are “dedicated to ensuring the highest standards of security and compliance.”
As covered, BitGo and Pier Two are pleased to announce that, effective immediately, Pier Two’s staking services will be natively integrated into BitGo’s platform, and accessible by BitGo’s global institutional customers.
As reported recently, BitGo says it has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS).
This comes after its in-principle approval from several months prior.
Singapore‘s regulatory framework is said to support its “commitment to offering regulated, secure, and compliant digital asset services to the region.”
BitGo now offers regulated digital payment token services in Singapore. Clients will be able to buy and sell digital assets “from the safety and security of BitGo’s insured cold storage custody solution built within a class III vault.”
Clients will have access to aggregated liquidity and a platform for trading and custody.
Youngro Lee, CEO of BitGo Singapore and Head of BitGo Asia, said:
“This licence marks a new era for BitGo’s international operations, enabling us to deliver unparalleled digital asset solutions to our clients in Asia and beyond. We look forward to working with MAS closely in the journey ahead.”
With over a decade of expertise, BitGo offers “custody and financial solutions around the world.”
This milestone not only strengthens BitGo’s presence in Asia but “provides the businesses and all digital asset participants in the region solutions needed to pave the way for future advancements in this industry.”
