Anchorage Digital Singapore Pte Ltd has reportedly received approval as a licensed Major Payment Institution from the Monetary Authority of Singapore (MAS), marking a key milestone in our global expansion.
With this license, Anchorage Digital Singapore now offers a complete, integrated solution including custody, staking, trading, and settlement, including fiat on and off ramps.
The milestone comes after Anchorage Digital Singapore secured in-principle approval from the MAS at the end of August this year.
Nathan McCauley, CEO and Co-Founder of Anchorage Digital said that Crypto is—and always has been—a global market.
Nathan added that with approval from MAS, Anchorage Digital Singapore is here to meet global demand from institutions.
Nathan further noted that achieving this regulatory milestone marks the latest in their commitment to providing institutions with a “safe and secure solution—no matter where they are located around the globe.”
Nathan also mentioned that as they continue to build the global stack for institutions in crypto, they look forward to “working with regulators and institutions in the region.”
Moses Lee, Head of Asia, Anchorage Digital Singapore said that Singapore is a key market in traditional finance and crypto.
Lee pointed out that receiving the license approval from MAS represents a major unlock for “top institutions in Singapore and around the world as Anchorage Digital Singapore continues to meet growing demand for safe and secure digital asset infrastructure.”
Founded in San Francisco in 2017, Anchorage Digital has been serving institutions for “nearly a decade.”
They expanded their presence in Asia by establishing their Singapore entity in 2022, demonstrating their “long-term commitment” to the region.
With 90% of transactions processing in under 25 minutes with hardware security modules (HSMs) not connected to the internet, clients can quickly settle transactions “directly from assets held in a secure custody service. Additionally, support is available 24/7/365 including holidays.”
Singapore—long recognized as a center for global finance and “a leader in technology—is playing a key role in creating a clear, consistent regulatory framework around digital payment token service.”
By securing a license from MAS, Anchorage Digital Singapore is reinforcing its commitment to providing institutions, “both globally and in the region, with the same quality of secure, regulated crypto services we’ve offered to major financial institutions in the U.S.”
Anchorage Digital is pleased to work within a regulatory framework that protects market participants and “enables digital asset innovation.”
Their integrated platform positions them “uniquely to serve institutional clients seeking a comprehensive solution in the digital asset space.”
As covered, Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through “custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure.”