Matrixport subsidiary Fly Wing receives approval-in-principle from Singapore's MPI

Odaily News Fly Wing Technologies Pte Ltd ("Fly Wing"), a Singapore subsidiary of Matrixport, announced that it has officially obtained the in-principle approval of the Major Payment Institution License ("MPI") issued by the Monetary Authority of Singapore (MAS). MAS's in-principle approval is an important prerequisite for obtaining a formal MPI license. After obtaining MAS's in-principle approval, Fly Wing can not only continue to provide digital asset payment services to its users, but also consolidate its leading position in Singapore's high-end OTC field. It is reported that Matrixport was established in 2019 and is the world's leading and Asia's largest one-stop crypto financial service platform. It is committed to creating a super account for users that integrates crypto asset trading, investment, lending, custody, RWA, investment research and other functions, with fund management and custody volume of US$6 billion.