Blockchain.com Secures Digital Cost Token License in Singapore


Crypto firm Blockchain.com was granted a significant cost establishment (MPI) license from the Financial Authority of Singapore (MAS) on 1 August 2023.

With this new license, Blockchain.com will have the ability to present regulated digital cost token (DPT) providers to its international institutional and accredited investor clients.

This announcement follows its in-principle approval that the corporate secured from the regulator in September 2022.

Since its inception in 2011, Blockchain.com reviews that it has greater than 90 million wallets and over 40 million verified customers, having facilitating over US$1 trillion in crypto transactions.

Peter Smith

Peter Smith

“We’re thrilled to obtain this license that may enable Blockchain.com to carry our industry-leading services and products to Singapore, we commend the Financial Authority of Singapore on its clear regulatory course of that prioritises crypto {industry} oversight whereas permitting innovation to thrive,”

stated Peter Smith, CEO and Co-Founding father of Blockchain.com.

 

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