Matrixport subsidiary Fly Wing receives in-principle approval for Singapore’s large-scale payment institution license

Matrixport announced that its Singaporean subsidiary, Fly Wing, has received provisional approval for a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and can provide digital asset payment services in Singapore. Fly Wing was established in 2019 and is committed to providing compliant and reliable digital asset payment services to clients including cryptocurrency miners, trading companies from both the cryptocurrency and traditional finance sectors, investment companies, and high net worth individuals.