Gemini Secures MPI License from MAS for Regulated Crypto Services
Crypto exchange Gemini has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to provide regulated payment services without transaction-volume limits. The license was awarded to Gemini Digital Payments Singapore, its local entity.
Gemini President and co-founder Cameron Winklevoss said the exchange has served customers in Singapore since 2020, while CEO Tyler Winklevoss described the country as a strategic hub for serving retail and institutional clients. Gemini offers spot crypto trading, digital asset custody, and over-the-counter services in Singapore.
The full license follows MAS' in-principle approval of Gemini's application in October 2024. In April 2025, Gemini moved its Singapore customers from Gemini Trust Company, which operated under an exemption, to its locally incorporated entity while it worked toward securing final approval.