SINGAPORE, March 04, 2025 — Matrixport’s subsidiary, Fly Wing Technologies Pte Ltd (“Fly Wing”), a leading crypto financial services platform in Asia, announced that the Monetary Authority of Singapore (“MAS”) has granted it a Major Payment Institution (“MPI”) License.
With this license, Fly Wing will continue to develop its role as a reliable Over-the-Counter (“OTC”) trading platform in Singapore. This license, which follows the in-principle approval received in October, highlights Fly Wing’s dedication to regulatory compliance and excellent operational standards.
John Ge, Co-founder and CEO of Matrixport, commented, “We are delighted that Fly Wing has been granted its license by the MAS. This is an important milestone in our ongoing expansion throughout the Asia-Pacific region. We are committed to delivering high-quality Digital Payment Token services to users in Singapore.”
With the license secured, Fly Wing is in a strong position to build a solid base for its long-term growth, promoting ongoing innovation within the digital finance space. Fly Wing will continue to offer secure and transparent Digital Payment Token services and optimize blockchain-based Digital Payment Token services, providing easy access for users entering the Web 3.0 sector.
About Fly Wing Technologies Pte Ltd
Fly Wing Technologies Pte. Ltd. (“Fly Wing”), established in 2019, is a wholly-owned subsidiary of Matrixport, a prominent digital asset financial services platform in Asia. Fly Wing provides OTC services for on- and off-ramping Digital Payment Tokens, serving a diverse customer base including crypto miners, trading firms, investment firms, and high-net-worth individuals from both the crypto and traditional finance sectors. It facilitates over $100 million in monthly transactions and provides liquidity for major cryptocurrencies.
Fly Wing holds the MPI License from MAS, enabling it to offer Digital Payment Token services for OTC trading in Singapore.
Fly Wing official website:
About Matrixport
Matrixport, founded in 2019, is a leading global platform for comprehensive crypto financial services. The platform aims to provide each user with a personalized Super Account that combines crypto trading, investment, loan, custody, RWA, research, and more. With $6 billion in assets under management (AUM), Matrixport provides global users with various crypto-financial solutions designed for optimal capital efficiency and sustainable returns.
Matrixport, along with its local subsidiaries, holds the Trust or Company Service Provider / Money Lender Licenses in Hong Kong and the FINMA Asset Management License in Switzerland. It operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ. CB Insights recognized it as one of the “50 Most Promising Blockchain Companies,” and it was featured in the Hurun “2024 Global Unicorn List.” Furthermore, Matrixport’s subsidiary, Fly Wing, has been granted the MPI License from MAS in Singapore.
Matrixport official website:
Media Contact:
Matrixport PR Team
Disclaimer: This press release is provided by Matrixport. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.
“`
