Fly Wing Technologies Receives Major Payment Institution License Approval in Singapore

According to Odaily, Fly Wing Technologies Pte Ltd, a subsidiary of Matrixport, has announced that it has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval is a crucial step towards obtaining the official MPI license. With this in-principle approval, Fly Wing can continue to offer digital asset payment services to its users and strengthen its leading position in Singapore's high-end OTC market. Matrixport, established in 2019, is a leading global and Asia's largest one-stop crypto financial services platform. It aims to provide users with a comprehensive account that integrates crypto asset trading, investment, lending, custody, RWA, and research functions. The platform manages and custodies assets worth $6 billion.