Anchorage Digital Gets MAS License for Crypto Services in Singapore
Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS).
This follows the in-principle approval granted to Anchorage Digital in August 2024.
This licence allows the company to expand its services to include custody, staking, trading, settlement, and fiat on and off ramps for global institutions.
Founded in San Francisco in 2017, Anchorage Digital set up its Singapore branch in 2022 to strengthen its presence in Asia.
The company reports that 90% of its transactions are completed in under 25 minutes using hardware security modules (HSMs) that are not connected to the…
