Cumberland Secures MAS MPI License, Enabling Digital Payment Token and Cross-Border Remittance Services

Odaily reports that Cumberland, a crypto trading and liquidity service provider, announced on X that its Singapore subsidiary, Cumberland SG Pte. Ltd., has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license authorizes the company to provide Digital Payment Token (DPT) services and cross-border money transfer services.