According to Foresight News, Matrixport announced that its Singapore subsidiary Fly Wing has received in-principle approval for a Major Payment Institution license (MPI) issued by the Monetary Authority of Singapore (MAS) to provide digital asset payment services in Singapore.
Fly Wing was established in 2019 and is dedicated to providing digital asset payment services in a compliant and reliable manner, with clients including crypto miners, trading firms from both the crypto and traditional finance sectors, investment companies, and high-net-worth individuals.