Rebeca Moen
March 06, 2025 01:28
Fly Wing Technologies, a subsidiary Matrixport, obtains the main license in the Singapore payment institution in Singapore, improving its digital financing offers in the Asia-Pacific region.
Fly Wing Technologies PTE LTD, a subsidiary of Matrixport, successfully obtained the main license of the Payment Institution (MPI) of the Monetary Authority of Singapore (Mas). This development marks an important step for the company, strengthening its commitment to regulatory compliance and operational excellence in the digital finance sector.
Strengthening digital financing services
With this new license, Fly Wing is positioned to improve its role as a free -free trusted office (OTC) in Singapore. The approval follows an initial consent in principle received in October, reflecting the dedication of Fly Wing to join the strict financial regulatory standards of Singapore.
The MPI license allows FLY WING to offer complete services of digital payment tokens, providing transparent access to financial solutions focused on blockchain for its customers. The company aims to support both cryptography and traditional finance sectors, facilitating more than $ 100 million in monthly transactions and providing liquidity for major cryptocurrencies.
Matrixport vision for expansion
John GE, co-founder and CEO of Matrixport, expressed his enthusiasm about the success of Fly Wing’s licenses. He stressed that this development is essential in the strategic expansion of matrixport in the Asia-Pacific region. “We are impatient to provide high -quality digital payment token services to Singapore users,” GE said.
Matrixport, the parent company, is a leading digital financial services platform with $ 6 billion in management assets. It offers a wide range of services, including crypto trading, investment and guard, at its global user base. The continuous expansion of the company is supported by various licenses, including those of Hong Kong, Switzerland and now Singapore.
About fly wings technologies
Created in 2019, Fly Wing Technologies serves a diversified group of customers, including crypto minors, trading companies and individuals. The company specializes in over -the -counter services, allowing customers effectively digital payment tokens on and out of ramp.
The acquisition of the MPI de MAS license allows Fly Wing to consolidate its presence in the digital finance industry, promising continuous innovation and secure transparent services for its users.
For more information, visit the official Matrixport blog.
Image source: Shutterstock
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