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    Home»Financial Technology»Matrixport’s Fly Wing Obtains MAS License for Digital Payment Token Services
    Financial Technology

    Matrixport’s Fly Wing Obtains MAS License for Digital Payment Token Services

    FintechFetchBy FintechFetchMarch 5, 2025No Comments1 Min Read
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    Fly Wing Technologies, a subsidiary of digital asset platform Matrixport, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

    The approval allows Fly Wing to continue building its role as a trusted over-the-counter (OTC) desk for digital payment token services in Singapore.

    The license follows the in-principle approval granted in October 2024.

    The company facilitates digital asset transactions for crypto miners, trading firms, investment firms, and high-net-worth individuals, handling over $100 million in monthly transactions.

    John Ge
    John Ge

    John Ge, Co-founder and CEO of Matrixport, said,

    “We are thrilled that Fly Wing has received its license from the MAS. This marks a significant step in our ongoing expansion across the Asia-Pacific region.

    We look forward to providing high-quality Digital Payment Token services to users in Singapore.”

    Featured image credit: Edited from Freepik



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