Gemini Wins Singapore Payment License
Gemini has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), validating its commitment to the country. The approval gives Gemini's local entity, Gemini Digital Payments Singapore Pte. Ltd., full regulatory status in a market where it has served customers since 2020.
The MPI license formalizes Gemini's position in Singapore as a strategic hub for both retail and institutional services. According to CEO Tyler Winklevoss, the company's existing lines of business will continue under the new framework: spot trading, custody, and over-the-counter (OTC) services.
Gemini President Cameron Winklevoss emphasized that the license validates its investment in Singapore rather than marking a new beginning. The company has operated in the country for six years, providing digital-asset spot trading, custody, and OTC services.