With the full license, the firm will enable the trading of digital assets using its insured cold storage solution.
The firm recently obtained a German crypto custody license from BaFin.
The skyline of Singapore
BitGo,
a provider of financial services in the digital realm, has announced that its
subsidiary, BitGo Singapore Pte. Ltd., has received in-principle approval from
the Monetary Authority of Singapore (MAS) for a Major Payment Institution
Licence.
Clients
Gain Competitive Edge with Access to Aggregated Deep Liquidity
This
approval positions BitGo at the forefront of regulated digital payment token
services in Singapore. Once granted the full licence, the company will be
empowered to offer a comprehensive suite of services, allowing clients to
securely buy and sell digital assets through BitGo's insured cold storage
custody solution, housed within a cutting-edge class III vault.
Mike Belshe, CEO of BitGo, Inc., Source: LinkedIn
Mike Belshe, the CEO of BitGo, Inc. remarked: "We applaud Singapore's sound, clear and robust regulatory
framework for digital assets. This in-principle approval from the Monetary
Authority of Singapore comes on the heels of
obtaining our BaFin licence in Germany. We look
forward to expanding our global footprint and providing our clients with
regulated, secure and trusted solutions."
Hobeng Lim, Managing Director of APAC for BitGo, Source: LinkedIn
One
of the key advantages for BitGo clients will be access to aggregated deep
liquidity, a critical component for effective trading in the digital asset
market. This feature ensures that clients can execute transactions efficiently,
even during periods of high market volatility.
Regulatory
Environment for Digital Assets in Singapore
BitGo
Singapore's imminent acquisition of the Major Payment Institution Licence
aligns with Singapore's efforts to establish itself as a global hub for
financial technology and innovation. The MAS has been proactive in
fostering a conducive regulatory environment for digital asset services, and
BitGo's approval signifies a crucial step towards achieving regulatory clarity
and legitimacy in the sector.
Hobeng
Lim, the Managing Director of APAC for BitGo, said: "The Monetary Authority of
Singapore's forward-looking and
risk-proportionate regulatory framework for digital assets, as well as Singapore's leading position as a financial centre,
innovation hub and business gateway to APAC, are key factors driving BitGo's commitment to Singapore as its regional headquarters. We are excited
to continue supporting the development and growth of the digital asset
ecosystem in Singapore and
beyond."
BitGo,
a provider of financial services in the digital realm, has announced that its
subsidiary, BitGo Singapore Pte. Ltd., has received in-principle approval from
the Monetary Authority of Singapore (MAS) for a Major Payment Institution
Licence.
Clients
Gain Competitive Edge with Access to Aggregated Deep Liquidity
This
approval positions BitGo at the forefront of regulated digital payment token
services in Singapore. Once granted the full licence, the company will be
empowered to offer a comprehensive suite of services, allowing clients to
securely buy and sell digital assets through BitGo's insured cold storage
custody solution, housed within a cutting-edge class III vault.
Mike Belshe, CEO of BitGo, Inc., Source: LinkedIn
Mike Belshe, the CEO of BitGo, Inc. remarked: "We applaud Singapore's sound, clear and robust regulatory
framework for digital assets. This in-principle approval from the Monetary
Authority of Singapore comes on the heels of
obtaining our BaFin licence in Germany. We look
forward to expanding our global footprint and providing our clients with
regulated, secure and trusted solutions."
Hobeng Lim, Managing Director of APAC for BitGo, Source: LinkedIn
One
of the key advantages for BitGo clients will be access to aggregated deep
liquidity, a critical component for effective trading in the digital asset
market. This feature ensures that clients can execute transactions efficiently,
even during periods of high market volatility.
Regulatory
Environment for Digital Assets in Singapore
BitGo
Singapore's imminent acquisition of the Major Payment Institution Licence
aligns with Singapore's efforts to establish itself as a global hub for
financial technology and innovation. The MAS has been proactive in
fostering a conducive regulatory environment for digital asset services, and
BitGo's approval signifies a crucial step towards achieving regulatory clarity
and legitimacy in the sector.
Hobeng
Lim, the Managing Director of APAC for BitGo, said: "The Monetary Authority of
Singapore's forward-looking and
risk-proportionate regulatory framework for digital assets, as well as Singapore's leading position as a financial centre,
innovation hub and business gateway to APAC, are key factors driving BitGo's commitment to Singapore as its regional headquarters. We are excited
to continue supporting the development and growth of the digital asset
ecosystem in Singapore and
beyond."
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
