MAS provides Sygnum IPA for licence

This expands their offering of regulated crypto brokerage service.

Sygnum plans to expand its regulated operations in Singapore after receiving in-principle approval (IPA) for its Major Payment Institution Licence (MPIL) application from the Monetary Authority of Singapore.

Sygnum Singapore's regulated crypto brokerage service is set to launch with the activation of the Major Payment Institution Licence (MPIL). 

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The platform offers a fiat-digital asset gateway, trade execution for various cryptocurrencies, competitive spreads, deep liquidity, and fast trade settlements. 

It also provides live balance updates, quotes, and a choice of trading and vault wallets. 

All clients are assigned a dedicated relationship manager for personalised service and support, enabling convenient access to and benefits from Sygnum's expanded regulated services.