ChainUp's custodian institution has received an exemption from the Monetary Authority of Singapore, authorized to provide digital asset custody services

Foresight News reports that ChainUp's custodian institution CHAINUP CRYPTSAFE PTE. LTD. has received an exemption from the Monetary Authority of Singapore (MAS), becoming one of the institutions authorized to provide digital asset custody services in Singapore.

CHAINUP CRYPTSAFE PTE. LTD. is a subsidiary of the blockchain technology service provider CHAINUP, dedicated to providing one-stop custody solutions for global digital asset exchanges, wallets, and financial institutions. Obtaining the MAS exempt institution status means that the enterprise has passed the stringent review by MAS and meets regulatory requirements in areas such as business operations and risk management.