BitGo Strengthens Asia Presence with Singapore Subsidiary and Strategic Deal

BitGo has launched a new subsidiary in Singapore, following the acquisition of a major payment institution license from the Monetary Authority of Singapore (MAS).

The subsidiary will provide digital asset custody, trading, settlement, and token management services across the Asia Pacific region.

CEO Youngro Lee emphasized maintaining high regulatory standards while serving the region’s crypto ecosystem.

BitGo Singapore will offer regulated custody, high liquidity trading, and automated settlement services. Singapore’s regulatory clarity and strategic location make it an ideal entry point for Southeast Asia’s growing demand for institutional-grade crypto solutions.

BitGo has also partnered with algorithmic trading firm Wintermute to expand in Singapore, focusing on institutional markets.

Wintermute co-founder Yoann Turpin stated the collaboration aims to drive growth in the APAC digital asset market. Meanwhile, MAS has introduced new frameworks for asset tokenization under Project Guardian, with over 40 institutions involved in trials across multiple jurisdictions. However, scaling successful use cases remains a challenge.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.