This launch follows the company's acquisition of a Major Payment Institution License from the Monetary Authority of Singapore (MAS) in August 2024.

CEO Youngro Lee noted that many institutions in Singapore and Asia have yet to fully engage with cryptocurrency, largely due to the absence of regulated infrastructure.

The services offered by BitGo Singapore are tailored for foundations, protocols, and organizations seeking secure and compliant digital asset solutions.

To ensure competitive pricing and operational efficiency, BitGo connects with top liquidity providers and facilitates automated settlements for secure asset trading.

The proprietary Go Network introduced by BitGo enhances operational efficiency by enabling instant fiat and crypto transfers without pre-funding, thereby reducing counterparty risk.

BitGo currently serves over 1,500 institutional clients across 50 countries and secures approximately 20% of all on-chain Bitcoin transactions by value.

To bolster its offerings, BitGo has formed partnerships with regional players like Neutron Pay and Wintermute, enhancing secure digital payment and asset solutions.

Wintermute co-founder Yoann Turpin emphasized that their collaboration aims to strengthen the institutional market and drive growth in APAC's digital asset landscape.

Singapore's strategic location and supportive regulatory framework make it an attractive hub for crypto businesses, particularly as companies seek alternatives to stricter regulations in markets like China.

BitGo has officially launched BitGo Singapore, a subsidiary aimed at providing secure and regulated digital asset services in the Asia-Pacific (APAC) region.

Entering a market known for its regulatory clarity and technological innovation, BitGo aims to encourage institutional adoption of digital assets.

With operations in South Korea and plans for further expansion in the region, BitGo is well-positioned to capitalize on the growing demand for digital assets.