Fly Wing Achieves Major Payment Institution License in Singapore
Fly Wing Technologies Secures MPI License from MAS
Fly Wing Technologies Pte Ltd, a completely owned subsidiary of Matrixport, has recently achieved a significant milestone by being granted the Major Payment Institution License by the Monetary Authority of Singapore. This accomplishment marks Fly Wing's dedication to regulatory compliance as it scales its operations in one of Asia’s most vibrant financial hubs.
Enhancing Digital Payment Token Services
With this new license, Fly Wing is set to fortify its role as a trusted Over-the-Counter (OTC) desk. The approval builds on its earlier in-principle authorization received in the past months, affirming the company's commitment to excellence in its operations. This approval will enable Fly Wing to offer more comprehensive Digital Payment Token services, thereby enhancing user experiences in Singapore’s digital finance landscape.
Statements from Leadership
John Ge, the Co-founder and CEO of Matrixport, expressed excitement over this achievement, highlighting the importance of the license for Fly Wing's ongoing expansion in the Asia-Pacific region. He stated that this development positions the company to deliver high-quality digital payment services to users.
Strategic Future for Fly Wing
Looking ahead, the MPI License empowers Fly Wing to cultivate a robust foundation for sustained growth in the digital finance sector. This growth strategy aligns with the company's mission to drive innovation within blockchain-powered Digital Payment Token services, ensuring seamless access for users venturing into the Web 3.0 industry.
About Fly Wing Technologies
Established in 2019, Fly Wing is known for its diversity in clientele, ranging from crypto miners to trading and investment firms, as well as high-net-worth individuals across both crypto and traditional finance sectors. The company facilitates over $100 million in monthly transactions through its OTC services and is a pivotal provider of liquidity for major cryptocurrencies.
Matrixport's Vision in the Digital Financial Landscape
Matrixport, founded in the same year as Fly Wing, functions as a premier hub for crypto financial services. With assets under management totaling $6 billion, the platform offers a personalized Super Account that integrates various financial services like trading, investment, loans, custody, and research tailored to each user's needs. Its presence in global markets showcases its commitment to providing sustainable returns for clients.
Global Operations and Recognition
The company has built a strong reputation, holding various licenses across multiple regions, including Trust or Company Service Provider licenses in Hong Kong and an Asset Management License in Switzerland. Its membership in key regulatory frameworks and industry recognition underlines its credibility and dedication to fostering a secure financial environment.
Connecting with Matrixport and Fly Wing
For audiences keen on exploring more about Fly Wing or Matrixport, both companies maintain active presences in the digital asset financial services realm. They are focused on innovation and providing tailored solutions that meet the unique requirements of a diverse clientele.
Frequently Asked Questions
What is the MPI License that Fly Wing has received?
The MPI License allows Fly Wing to operate as a licensed provider of Digital Payment Token services in Singapore, enhancing its offerings in the digital finance sector.
Why is this license significant for Fly Wing?
This license signals regulatory approval and enables Fly Wing to further establish itself as a trusted OTC desk while expanding its service offerings.
What types of clients does Fly Wing serve?
Fly Wing caters to a variety of clients, including crypto miners, trading firms, investment entities, and high-net-worth individuals from both crypto and traditional finance backgrounds.
How does Matrixport's presence enhance Fly Wing's operations?
As a parent company, Matrixport's strong infrastructure and diverse services support Fly Wing in adapting to market needs and optimizing customer experiences.
What future developments can we expect from Fly Wing?
Fly Wing aims to innovate continuously by offering secure Digital Payment Token solutions and expanding its reach within the Web 3.0 space.
About The Author
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