BitGo establishes subsidiary in Singapore to expand its services in Asia Pacific

Odaily News Digital asset services company BitGo has established a subsidiary in Singapore to expand its services in the Asia-Pacific region. According to a press release, BitGo Singapore provides cold storage, voice trading, automated settlement, and token management for more than 1,100 digital assets, among other services, for foundations, protocols, and other organizations. "Our team is committed to providing customers with quality products and services while maintaining strict regulatory standards. We look forward to further strengthening the digital asset ecosystem in the Asia-Pacific region," said Youngro Lee, CEO of BitGo Singapore, in the statement. The official establishment of BitGo Singapore comes after its parent company obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, which allows BitGo to provide digital asset services in Singapore. (The Block)