Matrixport subsidiary Fly Wing receives approval-in-principle from Singapore's MPI

Odaily Planet Daily Report: Matrixport's Singapore subsidiary Fly Wing Technologies Pte Ltd ("Fly Wing") announced that it has officially received the in-principle approval for the Major Payment Institution License ("MPI") from the Monetary Authority of Singapore (MAS). The in-principle approval from MAS is an important prerequisite for obtaining the formal MPI license. With the in-principle approval from MAS, Fly Wing can not only continue to provide digital asset payment services to its users, but also consolidate its leading position in the high-end OTC market in Singapore. It is reported that Matrixport was established in 2019 and is the world's leading and Asia's largest one-stop crypto financial services platform, committed to creating a super account that integrates functions such as crypto asset trading, investment, lending, custody, RWA, and research for users, with a fund management and custody volume of $6 billion.