BitGo opens Singapore office as Asia Pacific grows

BitGo has opened a new office in Singapore, expanding the digital asset company's presence in Asia Pacific.

Singapore serves as BitGo's regional hub. The new office comes two years after its local unit received a Major Payment Institution licence from the Monetary Authority of Singapore.

Since receiving that licence, BitGo's client base across Asia Pacific has tripled, while headcount in Singapore has more than doubled. Customers in the region include governments, regulated financial institutions, payment service providers, fintechs, digital asset businesses, and high-net-worth and accredited investors.

The expansion highlights Singapore's role in BitGo's regional business as digital asset firms continue to seek regulated footholds in Asia. The city-state has positioned itself as a centre for crypto and digital asset activity through a licensing regime that has attracted firms looking for clearer oversight.

Singapore is also home to the largest trading desk within BitGo Prime, its institutional trading and financing business. Trading volumes at that desk more than doubled in the first half of 2026 from a year earlier.

BitGo Prime connects clients to liquidity through a network of exchanges, market makers, and other providers, alongside the group's custody services. BitGo has been expanding its offering to institutional clients as more traditional financial firms and specialist digital asset investors increase activity in the sector.

Angela Ang, Managing Director, APAC and President, BitGo Singapore, said the Singapore operation had become a central part of the group's regional business.

"Two years ago, BitGo Singapore received its MPI licence from MAS, and since then, we have built a real home for BitGo in the region," said Angela Ang, Managing Director, APAC and President, BitGo Singapore. "We believe the growth we've seen since then comes down to something simple - institutions across the region are trusting us with more of their business, more often. Our job is to be that steady hand to help our clients navigate the future of finance. As institutional digital asset adoption accelerates across the region, Singapore's regulatory rigor and thriving financial ecosystem provide a strong foundation for BitGo's continued growth in APAC."

The office opening will support further hiring in client coverage and business operations roles in Singapore. That suggests BitGo expects demand from institutional clients in the region to remain strong, particularly among groups seeking regulated custody, trading, and settlement services.

Regional growth

Asia Pacific has become an important market for global digital asset firms as regulators across the region take different approaches to oversight. Singapore has stood out by offering a framework for payment and digital token service providers, giving licensed firms a basis to serve institutional clients from a recognised financial centre.

For firms such as BitGo, which focus on custody and market access for institutions rather than retail trading, regulation is key to winning business from banks, asset managers, corporate treasuries, and investment platforms. Its regional customer base now spans both public and private sector organisations.

Stefan von Haenisch, Managing Director and Head of BitGo Prime, linked the office opening and trading growth to the company's wider international network.

"Singapore puts us where our Asia Pacific clients are and connects them to the same global liquidity network we offer institutions around the world," said Stefan von Haenisch, Managing Director and Head of BitGo Prime. "The growth of the desk here is a reflection of the increasingly important role Asia Pacific plays in BitGo's global business."

BitGo is listed in New York and provides services including custody, wallets, staking, trading, financing, stablecoins, and settlement. It said it serves thousands of institutions globally as digital asset infrastructure becomes more closely tied to mainstream financial markets.

The Singapore build-out adds to evidence that international crypto and digital asset companies still view the city as one of the region's main bases for regulated institutional activity, even as competition grows from other hubs in Asia and the Middle East.