BitGo Launches Singapore Subsidiary to Boost APAC Services

BitGo has officially launched its Singapore subsidiary, BitGo Singapore, aiming to deliver secure, regulated digital asset services across the APAC region, the company announced on Thursday.

The platform offers a wide range of services, including regulated custody for over 1,100 digital assets, 24/7 trading and settlement, and an all-in-one token management solution. BitGo Singapore’s cold storage custody is enhanced by multi-signature technology and $250 million in insurance coverage, ensuring security and compliance for institutional clients. Additionally, the proprietary Go Network enables real-time settlement and reduces counterparty risk through instant fiat and crypto transfers.

“We are thrilled to launch BitGo Singapore and offer the APAC region a best-in-class suite of digital assets solutions and regulated infrastructure services,” Youngro Lee, CEO of BitGo Singapore, said in a statement. “Our team is committed to providing our clients with the highest quality products and services while maintaining strict regulatory standards. We look forward to further strengthening the APAC digital assets ecosystem.”

The Palo Alto headquartered firm, founded in 2013, joins a dynamic market where regulatory clarity and technological innovation are fostering institutional adoption. Partnerships with regional players, such as Neutronpay, Inc and Wintermute, underscore the collaborative approach BitGo is taking to expand access to secure digital payment and asset solutions.

BitGo was the recipient of Major Payment Institution (MPI) license from Singapore’s Monetary Authority in August, allowing the firm to operate as a regulated provider of crypto services in the region.