• BitGo obtained its Major Payments License from the Monetary Authority of Singapore (MAS) in August of 2024, allowing the company to offer regulated digital payment token services through its subsidiary BitGo Singapore Pte. Ltd. 

  • BitGo Singapore is uniquely positioned to be the region’s provider of choice by offering the most comprehensive digital asset solution in the market with regulated custody, 24/7 trading and settlement, plus token management capabilities

  • BitGo Singapore’s launch serves as a foundation for exponential growth in APAC, setting the stage for future collaboration and innovation across the space 

Today BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc. announced the official launch of its expanded product offering in Singapore, furthering its strategic vision to support the increasing demand for digital assets in one of the world’s most forward-thinking finance and digital asset hubs. The company’s comprehensive solution addresses the sophisticated needs of the market while solving some of the biggest challenges around security, regulatory compliance and operational efficiency. 

A unique footprint in the Asia Pacific region

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. In parallel with Singapore’s increasing importance in the global financial markets and its influence in shaping the future of the digital assets industry, BitGo secured its Major Payments Institutions License in August 2024, reaffirming its commitment to providing global clients with a secure, regulated environment for storing, managing and deploying digital assets. 

"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,” said Youngro Lee, CEO of BitGo Singapore Pte. Ltd. "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."

A differentiated product in a dynamic environment 

BitGo Singapore’s product offering combines the strength of BitGo’s battle-tested infrastructure with local expertise to deliver the industry’s most secure and comprehensive digital asset solution. By drawing on years of experience alongside a forward-thinking mindset, BitGo Singapore offers clients the very best of its established track record and evolving capabilities.

Key features available for clients include: 

  • Secure, regulated cold storage: BitGo Singapore supports over 1,100 digital assets with the broadest coverage of top-100 tokens among custodians in the market. With robust security protocols refined over a decade of experience and up to $250MM in insurance coverage. BitGo Singapore’s custody offers unparalleled security and peace of mind.

  • Seamless 24/7 electronic and voice trading: With an extensive set of trading pairs and the ability to electronically via API, UI or voice, clients can access deep liquidity directly from cold storage. BitGo Singapore’s network of top-tier liquidity providers also allows for competitive pricing, enabling optimal trade execution and value for clients. These trading capabilities combined with efficient withdrawal and settlement processes provide clients with the flexibility, speed and security they need making it the premier choice for trading in the region.

  • Real-time automated settlement via Go Network: Go Network meets the pressing needs of the industry by offering clients a secure and efficient way to access liquidity, manage settlement processes and mitigate risk. Clients are able to leverage delivery-vs-payment –real-time transfers of fiat and crypto between counterparties within Go Network–and Off-Exchange settlement –direct access to exchange liquidity without requiring pre-funding on individual exchanges through BitGo Singapore. 

  • The first and only full-service token management solution: Built on the strength of BitGo’s advanced security protocols, BitGo Singapore’s token management solution provides foundations, protocols, and organizations with an automated, user-forward, custody-native solution never before available in the APAC market—enabling efficient management of token vesting, unlocking, and on-chain activities, all within a compliant, insured environment.

“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,” said Yoann Turpin, Co-founder of Wintermute. “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.”

A commitment to local engagement and future growth

BitGo Singapore is committed to significantly expanding its existing on-the-ground presence to actively engage with clients and offer direct support. This local engagement ensures clients receive the highest levels of service while benefiting from BitGo Singapore’s robust, adaptable solutions and deep understanding of the APAC market. BitGo’s expanded presence in Singapore also serves as a springboard for future collaboration and growth across the region. This launch marks the beginning of BitGo’s promise to enhance the utility and adoption of digital assets in APAC, setting the stage for new developments that will propel the region forward as the leader in the global digital asset ecosystem. 

"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,” said Albert Buu, Founder & CEO of Neutronpay. “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."

For institutions interested in exploring BitGo Singapore’s solution, we invite you to connect with our team to discover how BitGo can support your digital asset needs.

Visit www.bitgo.com/singapore to learn more.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian. For more information, please visit www.bitgo.com.

©2024 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.