GSR, a worldwide cryptocurrency buying and selling agency and liquidity supplier, has been granted a Main Fee Establishment (MPI) license by the Financial Authority of Singapore (MAS). This license permits its subsidiary, GSR Markets Pte. Ltd., positioned in Singapore, to supply digital cost token companies.
The agency first acquired in-principle approval for the MPI license from MAS in September 2023.
The acquisition of this license permits the corporate to carry its vary of companies, together with spot over-the-counter (OTC) buying and selling, market making, and programmatic execution.
GSR shared that will probably be “collaborating with tasks and exchanges throughout the APAC area, aiming to encourage widespread adoption of blockchain know-how and assist the event of a vibrant digital belongings ecosystem”.
With a decade of expertise within the digital asset market, GSR presents a complete suite of companies, together with OTC buying and selling, market making, and treasury administration. The agency works intently with token issuers, institutional buyers, miners, and key buying and selling platforms.
Jakob Palmstierna
“We’re proud to obtain the MPI license from MAS, a regulator that promotes sustainable non-inflationary financial development, and a sound and progressive monetary heart,”
stated Jakob Palmstierna, Group CEO of GSR.
Tune Zheng Xin
“Singapore’s position as a number one monetary heart continues to strengthen. With this license from one of many world’s most revered regulators, our purchasers ought to have even better confidence within the rigour and high quality of our requirements, insurance policies and procedures.
As one of many first companies of our sort to be granted this license, we’re excited to proceed to cleared the path in creating honest and orderly markets for digital belongings.”
added Tune Zheng Xin, GSR Group COO and CEO of GSR Singapore.
Featured picture credit score: Edited from Freepik
