Anchorage Digital Singapore Receives In-Principle Approval from the Monetary Authority of Singapore (MAS)
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Today, we are proud to announce that Anchorage Digital Singapore Pte Ltd (Anchorage Digital Singapore) has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution license application under the Payment Services Act 2019 to provide account issuance, domestic and cross-border money transfer, e-money issuance and digital payment token (DPT) services, marking a significant milestone in our global expansion.
"Securing in-principle approval for this MAS license represents a crucial step in our journey to provide institutions safe and secure access to crypto. It reinforces our commitment to Asia and our ability to serve clients around the globe with a full suite of services."
— Moses Lee, Head of Asia, Anchorage Digital Singapore
Founded in San Francisco in 2017, Anchorage Digital has been serving institutions for nearly a decade. We expanded our presence in Asia by establishing our Singapore entity in 2022, demonstrating our long-term commitment to the region. With 90% of transactions processing in under 25 minutes with hardware security modules (HSMs) not connected to the internet, clients can swiftly settle transactions directly from assets held in a secure custody service. Additionally, support is available 24/7/365 including holidays.
Singapore—long recognized as a center for global finance and a leader in technology—is playing a key role in creating a clear and consistent regulatory framework around digital payment token service. By taking steps to secure a license from the MAS, Anchorage Digital Singapore is reinforcing its commitment to providing institutions, both globally and in the region, with the same quality of secure, regulated crypto services we've offered to major financial institutions in the U.S.
Anchorage Digital is proud to work within a regulatory framework that protects market participants and enables digital asset innovation. Our integrated platform positions us uniquely to serve institutional clients seeking a comprehensive solution in the digital asset space.
If you would like to learn more about our global offerings and our dedicated services for the Asian market, please get in touch.
Press Contacts:
Anchorage Digital - press@anchorage.com
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore, and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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