Sygnum is expanding its regulated business in Singapore following approval from the authorities to grant the company a Major Payment Institution Licence (MPIL).
The MPIL will help Sygnum Singapore to start its insured crypto brokerage service. It has features such as:
Wide range of currencies, competitive spreads, large amounts of liquidity, swift trade settling, updates of balance stats, and many trading and vault wallets.
Clients of Sygnum will be assigned a devoted Relationship Manager who will give both service and assistance. They will be able to get access to and benefit from Sygnum’s extended services that will be regulated.
Co-Founder and CEO Singapore, Gerald Goh, said:
This in-principle approval of our Major Payment Institution Licence by the MAS is a milestone in our strategic growth plans for Sygnum Singapore and South-East Asia. Like Switzerland, Singapore has a progressive, robust regulatory framework that provides investors the clarity and confidence to invest in digital assets – and Future Finance – with complete trust.
Read more: Sylogist Adds Nuvei for Better Payments | Brokers Times
