PANews reported on November 21 that according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore to expand its business in the Asia-Pacific region. BitGo Singapore will provide cold storage services for more than 1,100 digital assets, while supporting voice trading, automatic settlement and token management functions for institutional users such as foundations and protocols.

BitGo obtained a major payment institution license issued by the Monetary Authority of Singapore (MAS) in August this year , allowing it to legally provide digital asset services in Singapore.