Fly Wing Secures Major Payment Institution License in Singapore
1min read Matrixport's subsidiary, fly wing Technologies Pte Ltd, has received a significant boost to its operations in Singapore after securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This achievement marks a crucial milestone for Fly Wing, as it strengthens its commitment to regulatory compliance and expands its services in one of Asia's most dynamic financial hubs.
With this new license, Fly Wing is poised to fortify its role as a trusted Over-the-Counter (OTC) desk, building on its earlier in-principle authorization. This approval enables Fly Wing to offer more comprehensive Digital Payment Token services, enhancing user experiences in Singapore's digital finance landscape. John Ge, the Co-founder and CEO of Matrixport, expressed excitement over this achievement, highlighting the importance of the license for Fly Wing's ongoing expansion in the Asia-Pacific region.
Looking ahead, the MPI License empowers Fly Wing to cultivate a robust foundation for sustained growth in the digital finance sector. This growth strategy aligns with the company's mission to drive innovation within blockchain-powered Digital Payment Token services, ensuring seamless access for users venturing into the Web 3.0 industry. Established in 2019, Fly Wing caters to a diverse clientele, ranging from crypto miners to trading and investment firms, as well as high-net-worth individuals across both crypto and traditional finance sectors.
Matrixport, founded in the same year as Fly Wing, functions as a premier hub for crypto financial services. With assets under management totaling $6 billion, the platform offers a personalized Super Account that integrates various financial services like trading, investment, loans, custody, and research tailored to each user's needs. Its presence in global markets showcases its commitment to providing sustainable returns for clients.
For audiences keen on exploring more about Fly Wing or Matrixport, both companies maintain active presences in the digital asset financial services realm. They are focused on innovation and providing tailored solutions that meet the unique requirements of a diverse clientele. As Fly Wing continues to grow and adapt to market needs, it is well-positioned to deliver high-quality digital payment services to users in the Asia-Pacific region and beyond.
