Matrixport subsidiary Fly Wing has obtained approval from the Monetary Authority of Singapore for its major payment institution license
With the approval of the license, Fly Wing will continue to strengthen its role as a trusted high-end over-the-counter ("OTC") platform in Singapore. Following Fly Wing's receipt of in-principle approval from MAS last October, the approval of this license fully reflects Fly Wing's firm commitment to regulatory compliance and professional operations.Singapore -- [March 5, 2025] -- Matrixport, the world's leading and Asia's largest one-stop crypto financial services platform, today announced that its Singapore subsidiary Fly Wing Technologies Pte Ltd ("Fly Wing") has obtained a Major Payment Institution License ("MPI") issued by the Monetary Authority of Singapore ("MAS").
With the approval of the license, Fly Wing will continue to strengthen its role as a trusted high-end over-the-counter ("OTC") platform in Singapore. The approval of this license, following Fly Wing's receipt of in-principle approval from MAS last October, fully demonstrates Fly Wing's firm commitment to regulatory compliance and professional operations.
John Ge, Co-founder and CEO of Matrixport, stated: "We are very pleased that Fly Wing has received approval from the Monetary Authority of Singapore. This is an important step in our ongoing expansion in the Asia-Pacific region. We look forward to providing high-quality digital asset payment services to users in Singapore."
The acquisition of the Major Payment Institution License from the Monetary Authority of Singapore lays a solid foundation for Fly Wing's long-term development and promotes continuous innovation in the digital finance sector. In the future, Fly Wing will continue to provide innovative digital asset payment services in a secure and transparent manner, constantly optimizing its blockchain-based digital asset payment services to help more users easily enter the Web 3.0 space.
About Matrixport
Founded in 2019, Matrixport is the world's leading and Asia's largest one-stop crypto financial services platform, dedicated to creating a super account for users that integrates functions such as crypto asset trading, investment, lending, custody, RWA, and research. Matrixport manages and custodies assets totaling $6 billion, providing diverse crypto financial solutions for global users, helping them maximize capital utilization and achieve continuous asset appreciation.
Matrixport holds a Hong Kong trust company license & money lender license, a U.S. money services license, and a Swiss FINMA asset management license, and is a FCA-compliant authorized representative in the UK and a member of Swiss FINMA SRO-VFQ. Its subsidiary Fly Wing has obtained a Major Payment Institution License in Singapore. Matrixport has been recognized by CB Insights as one of the "50 Most Promising Blockchain and Crypto Companies in the World" and was included in the Hurun "2024 Global Unicorn List."
About Fly Wing Technologies Pte Ltd
Fly Wing Technologies Pte. Ltd. ("Fly Wing") was established in 2019 as a wholly-owned subsidiary of Matrixport, Asia's leading digital asset financial services platform. Fly Wing's clients include cryptocurrency miners, trading firms from both the crypto and traditional finance sectors, investment companies, and high-net-worth individuals. The company provides over-the-counter (OTC) digital asset trading services with a monthly trading volume exceeding $100 million and offers liquidity support for mainstream cryptocurrencies.
Fly Wing has obtained a Major Payment Institution License from MAS, allowing it to provide digital asset payment services in Singapore.
