ChainCatcher news, according to an official disclosure from Matrixport, its subsidiary Fly Wing has obtained a payment service license issued by the Monetary Authority of Singapore (MAS), allowing it to provide digital payment token services in Singapore.The company stated that Singapore, as a major financial center in Asia, this license will help Matrixport further expand its business layout in the Asia-Pacific region, while providing customers with more compliant and secure digital asset services.

ChainCatcher news, Matrixport announced that its Singapore subsidiary Fly Wing Technologies Pte Ltd ("Fly Wing") has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).It is reported that 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 facilitates over $100 million in over-the-counter transactions each month and provides liquidity for fiat and mainstream cryptocurrency deposit and withdrawal services.