Singaporean agency MetaComp, previously referred to as Cyberdyne Tech Companies, has secured a Main Fee Establishment license from the Monetary Authority of Singapore (MAS) to offer digital cost token providers.
MetaComp will now have the ability to supply an end-to-end suite of digital asset providers to corporates, in addition to conventional and crypto-native institutional traders.
The agency gives a digital asset alternate constructed on the cloud and powered by the Nasdaq buying and selling engine.
Its mum or dad firm MetaVerse Inexperienced Alternate (MVGX) holds the Recognised Market Operator and Capital Market Service licenses for dealings in securities and collective funding schemes in addition to offering custodial providers below Singapore’s Securities and Futures Act.
Here’s a full list of the licensed crypto service providers in Singapore.
Dr. Bo Bai
Dr. Bo Bai, Govt Chairman and Co-founder of MetaComp mentioned,
“The regulatory help from the MAS is crucial in imbuing even better belief and integrity in Singapore’s home digital asset business, enabling establishments to make the leap into the sector with confidence.
With MetaComp now regulated as a Main Fee Establishment, we look ahead to leveraging our distinctive set of regulatory licenses to help conventional monetary providers of their transition in direction of embracing a brand new breed of digital monetary providers.”
