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Matrixport’s Fly Wing Obtains MAS License for Digital Payment Token Services

  • Fly Wing Technologies, a subsidiary of digital asset platform Matrixport, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
  • The license allows Fly Wing to operate as an over-the-counter (OTC) desk for digital payment token services in Singapore.
  • Fly Wing handles over $100 million in monthly transactions and caters to crypto miners, trading firms, investment firms, and high-net-worth individuals.
  • Matrixport co-founder and CEO, John Ge, expressed excitement about the license and their expansion plans in the Asia-Pacific region.

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