BitGo has established a Singapore office to serve its rapidly expanding Asia-Pacific client base, marking a significant push into the region amid growing institutional demand for regulated cryptocurrency custody.
In June 2026, the company appointed Angela Ang, a former official at the Monetary Authority of Singapore (MAS), as Managing Director of APAC and President of BitGo Singapore.
Singapore Operations and Services
BitGo Singapore operates under a Major Payment Institution license from MAS, enabling it to offer regulated Digital Payment Token services. The subsidiary provides cold storage for over 1,300 digital assets, around-the-clock trading and settlement, and token management services.
The company announced a partnership with dtcpay in June 2026 that combines BitGo's custody and trading capabilities with dtcpay's payments infrastructure, creating an integrated platform from digital asset storage to merchant settlement.
Regional Regulatory Environment
Several Asia-Pacific jurisdictions have moved to accommodate digital assets. Hong Kong reopened retail crypto trading in 2023 and has expanded its licensing framework. Japan has progressively eased regulations on stablecoin issuance, while Australia is developing its digital asset regulatory framework.
Ang's prior experience at MAS provides direct knowledge of the regulatory expectations that institutional clients across the region will encounter.
Global Growth and Market Dynamics
BitGo reported 104 percent year-over-year global client growth, reaching 5,322 clients by the end of 2025. The expansion follows the approval of spot Bitcoin ETFs in the US in early 2024, which unlocked institutional capital requiring custody, settlement, and management services.
The institutional custody market faces significant regulatory complexity across Asia-Pacific, with firms required to navigate distinct requirements from Singapore's MAS, Hong Kong's SFC, Japan's JFSA, and emerging frameworks in markets including Thailand and South Korea.
