"A lot of institutions in Singapore and Asia haven't really done much [in crypto]. There have been some traditional institutions that have been working with digital assets, but in a very limited fashion," Lee said, adding that most of the activity in Singapore is coming from "non-traditional institutions" such as investment funds, venture funds, hedge funds, family offices and high net worth individuals.
"We believe the market will grow larger over time, especially with more traditional institutions entering the space. BitGo's licensed services will be key to helping them navigate this evolving landscape and to build trust in digital asset management."
"With our new local license, we can now offer regulated services that reflect what we provide globally, giving institutional clients in Singapore access to a comprehensive suite of digital asset solutions."
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