Matrixport subsidiary Fly Wing's major payment agency license has been approved by the Monetary Authority of Singapore

Singapore – [March 5, 2025] – Matrixport, the world's leading and largest one-stop crypto financial services platform in Asia, today announced that its Singapore subsidiary, Fly Wing Technologies Pte Ltd ("Fly Wing"), has obtained the Major Payment Institution License ("MPI") issued by the Monetary Authority of Singapore ("MAS").

With the license approval, Fly Wing will continue to consolidate its role as a trusted high-end over-the-counter ("OTC") platform in Singapore. Following Fly Wing’s principled approval of MAS last October, the approval of this license fully reflects Fly Wing’s firm commitment to regulatory compliance and professional operations.

"We are very pleased that Fly Wing has been approved by the Monetary Authority of Singapore . This is an important step in our continued expansion of our business in the Asia-Pacific region. We look forward to providing Singaporean users with high-quality digital asset payment services."

Obtaining a large payment institution license from the Monetary Authority of Singapore has laid a solid foundation for Fly Wing's long-term development and promoted continuous innovation in the field of digital finance. In the future, Fly Wing will continue to provide innovative digital asset payment services in a secure and transparent way, and will continue to optimize its blockchain-based digital asset payment services to help more users easily enter the Web3.0 field.

About Matrixport

Matrixport was established in 2019. It is the world's leading and largest one-stop crypto financial service platform in Asia. It is committed to creating a super account for users that integrates crypto asset trading, investment, lending, custody, RWA, investment and research functions. Matrixport's fund management and custody volume reaches US$6 billion, providing global users with diversified crypto financial solutions, helping users maximize their capital utilization and continue to increase their assets.

Matrixport has a Hong Kong Trust Company License & Money Lender License, a US Money Service License, a Swiss FINMA Asset Management License. It is a UK FCA Compliance Authorized Representative Company and a Swiss FINMA SRO-VFQ member. Its subsidiary Fly Wing has obtained a license for a large payment institution in Singapore. Matrixport was once rated as one of the 50 most promising blockchain and crypto companies by CB Insights and was selected into Hurun's "2024 Global Unicorn List".

About Fly Wing Technologies Pte Ltd

Fly Wing Technologies Pte. Ltd. (“Fly Wing”) was established in 2019 as a wholly owned subsidiary of Matrixport, Asia’s leading digital asset financial services platform. Fly Wing’s clients cover cryptocurrency miners, trading companies from the crypto and traditional finance sectors, investment companies and high net worth individuals. The company provides digital asset over-the-counter trading (OTC) services with monthly transaction volumes of more than $100 million and provides liquidity support to mainstream cryptocurrencies.

Fly Wing has obtained a Singapore large payment institution license issued by MAS and can provide digital asset payment services in Singapore.