BitGo Expands Institutional Footprint in Asia Pacific with New Regional Office in Singapore

BitGo Singapore has established a new regional headquarters in Singapore, marking a significant expansion of its digital asset infrastructure across the Asia Pacific. As institutional adoption of regulated crypto services accelerates, the move solidifies the firm’s presence in a jurisdiction known for regulatory clarity, following a period of rapid growth in headcount and trading volume.

What was announced

BitGo Singapore Pte. Ltd., a subsidiary of BitGo Holdings, Inc., has officially opened its new Singapore office to serve as the company’s regional hub for the Asia Pacific. This expansion follows the firm’s acquisition of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) in August 2024. Since obtaining that regulatory approval, the company has seen its regional headcount more than double, while its client base across Asia Pacific has tripled. This diverse set of clients includes governments, regulated financial institutions, payment service providers, fintechs, and accredited investors.

The Singapore location also houses the largest trading desk for BitGo Prime, the company’s institutional trading and financing arm. This unit provides clients with access to global liquidity through a network of exchanges and market makers, fully integrated with the firm’s existing custody infrastructure. Performance data indicates that BitGo Prime’s trading volumes in Singapore more than doubled during the first half of 2026 compared to the same period in 2025. The new office is designed to support ongoing recruitment efforts, specifically targeting roles in client coverage and business operations to meet the rising institutional demand for regulated digital asset infrastructure in the region.

"Two years ago, BitGo Singapore received its MPI license from MAS, and since then, we have built a real home for BitGo in the region. We believe the growth we've seen since then comes down to something simple — institutions across the region are trusting us with more of their business, more often. Our job is to be that steady hand to help our clients navigate the future of finance. As institutional digital asset adoption accelerates across the region, Singapore’s regulatory rigor and thriving financial ecosystem provide a strong foundation for BitGo’s continued growth in APAC."

Angela Ang, Managing Director, APAC and President, BitGo Singapore.

The companies involved

BitGo is a digital asset infrastructure provider that operates several specialized entities to serve the institutional market. Its parent company, BitGo Holdings, Inc., is listed on the NYSE under the ticker BTGO. The firm’s ecosystem includes BitGo Bank & Trust, National Association, which provides regulated custody solutions, and BitGo Prime, LLC, which manages the company’s institutional trading and financing operations. BitGo has positioned itself as a primary layer for digital asset security and liquidity, offering services that bridge traditional finance and the digital economy.

The Monetary Authority of Singapore (MAS) acts as the central bank and integrated financial regulator of Singapore. Its Major Payment Institution (MPI) licensing framework is a critical regulatory hurdle for digital asset firms seeking to operate within the city-state’s financial ecosystem. By securing this license, BitGo Singapore joined a select group of providers authorized to offer large-scale payment and digital payment token services. The company’s focus on regulatory compliance is a central pillar of its market position, particularly as it targets high-net-worth individuals and institutional players who require rigorous oversight for their digital asset holdings.

What FF News has reported before

FF News has closely tracked BitGo’s recent moves to consolidate its position in the institutional market. In September 2026, the firm acquired NYDIG’s institutional trading business to boost capital markets infrastructure. This followed an announcement that BitGo would enable self-custody institutional access to the Decibel DEX via WalletConnect, expanding its technical interoperability.

The broader Singaporean fintech landscape has also been a focus, particularly regarding the MAS commitment of S$220 million under the renewed FSTI 4.0 scheme to bolster innovation. Additionally, the region recently saw the world’s first fully onchain repo using sovereign bonds, signaling the increasing sophistication of the local digital finance market.

What this means

The expansion of BitGo’s physical and operational footprint in Singapore highlights a maturing digital asset sector where regulatory certainty is the primary driver of institutional capital. As global hubs compete for dominance, Singapore’s stringent MPI licensing regime is proving to be a magnet for infrastructure providers who prioritize compliance over rapid, unregulated growth. This move puts pressure on regional competitors who lack similar licensing or integrated trading and custody models. The doubling of trading volumes suggests that the market is shifting away from pure-play exchanges toward integrated prime brokerage services. The central question for the industry remains whether other jurisdictions can match Singapore’s regulatory rigor without stifling the innovation necessary for the next phase of institutional adoption.