On September 26, 2025, Matrixport, a leading global one-stop crypto financial services platform, announced that it has been granted a Financial Services License (FSL) by the Glep Mahal City Administration (GMCA) in Bhutan. This move not only demonstrates Matrixport's leading position in the regulated crypto finance sector, but also signals that Glep Mahal City (GMC) is accelerating its emergence as a next-generation global financial innovation hub.
Compliance Expansion: Diversified Financial Services
The approved FSL license authorizes Matrixport to provide a range of regulated and comprehensive financial services globally within and through GMC, including: structured products tailored for global investors, real-world asset (RWA) solutions that connect traditional markets and crypto finance, prime brokerage services for institutional clients, and virtual asset custody services with institutional-grade security.
This approval makes Matrixport a key member of the GMC financial and crypto ecosystem, helping the region provide trusted, transparent and compliant financial products and services.
Deeply rooted in the local area: committed to talent and economic development
As part of its strategic expansion, Matrixport will recruit and train local Bhutanese professionals at GMC, promoting the deep integration of international experience and local talent development to achieve skills transfer, capacity building and long-term economic benefits.
John Ge, CEO of Matrixport, said, "Achieving FSL status with GMC is both an honor and a responsibility. We view Bhutan and the Glep City of Mindfulness as strategic bases for innovation, compliance, and regional growth. Matrixport will actively support GMC in building a globally trusted financial and technology hub and cultivate more local Bhutanese talent to join our team."
HB Lim, Managing Director of Financial Services at GMCA, also emphasized, "GMCA congratulates Matrixport on its FSL status, making it a regulated financial services company." Matrixport's expansion demonstrates GMC's significant potential in providing next-generation virtual asset financial services. Its commitment to recruiting and developing Bhutanese talent aligns closely with GMC's mission to create jobs, transfer skills, and cultivate future leaders in the financial industry.
Shared Vision: Building the Future of Crypto Finance
In the future, Matrixport plans to establish a dedicated office in GMC, continue to expand the scope of its compliance services, and play a core role in building a resilient crypto-financial ecosystem, bringing long-term economic and social benefits to Bhutan and the entire South Asia region.
This collaboration also symbolizes a new chapter in global crypto finance - where clear regulation, technological innovation and inclusive win-win complement each other and jointly drive sustainable economic growth.
About Matrixport
Founded in 2019, Matrixport is a leading global, one-stop crypto financial services platform, dedicated to providing users with a unified, integrated account offering crypto asset trading, investment, lending, custody, RWA, and investment research. With $6 billion in managed and custodial funds, Matrixport offers a diverse range of crypto financial solutions to users worldwide, helping them maximize capital utilization and achieve continuous asset growth.
Matrixport holds a Hong Kong Trust Company License and Money Lender License, a US Money Services License, and a Swiss FINMA Asset Management License. It is an FCA-approved representative firm in the UK and a member of FINMA SRO-VFQ in Switzerland. Its subsidiary, Fly Wing, has obtained a large payment institution license in Singapore. Matrixport was named one of the "50 Most Promising Blockchain and Crypto Companies in the World" by CB Insights and was included in the Hurun Global Unicorn List 2024 and the Singapore Fintech Unicorn List 2025.
About Glep Mindful City Special Administrative Region (GMC)
The Glep Mindful City Special Administrative Region (GMC SAR) is a groundbreaking urban development project on the southern plains of Bhutan, centered on the principles of mindfulness, sustainability, and innovation. Guided by the vision of His Majesty, GMC blends traditional Bhutanese values with an internationally recognized legal framework, cutting-edge design and technology, and leverages Bhutan's abundant green energy resources to create a global model for holistic development.
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