MetaComp Grants Approval from MAS to Operate as Major Payment Institution

​Singaporean firm MetaComp has secured a Major Payment Institution license from the Monetary Authority of Singapore (MAS) to provide digital payment token services.

MetaComp will now be able to offer an end-to-end suite of digital asset services to corporates, as well as traditional and crypto-native institutional investors.

The firm offers a digital asset exchange built on the cloud and powered by the Nasdaq trading engine.

Its parent company MetaVerse Green Exchange (MVGX) holds the Recognised Market Operator and Capital Market Service licenses for dealings in securities and collective investment schemes as well as providing custodial services under Singapore's Securities and Futures Act.

Dr. Bo Bai, Executive Chairman and Co-founder of MetaComp said,

"The regulatory support from the MAS is critical in imbuing even greater trust and integrity in Singapore's domestic digital asset industry, enabling institutions to make the leap into the sector with confidence.

With MetaComp now regulated as a Major Payment Institution, we look forward to leveraging our unique set of regulatory licenses to support traditional financial services in their transition towards embracing a new breed of digital financial services."