Digital Payments News

Genesis Receives In-Principle Approval from Monetary Authority of Singapore for Major Payment Institution License

Genesis Bank Announces Launch of Escrow Division

Genesis, a digital asset prime brokerage, announced that Genesis Asia Pacific Pte. Ltd. (Genesis Asia Pacific) has received in-principle approval by the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This makes Genesis Asia Pacific one of a handful of Singapore-based digital payment token service providers who have received such in-principle approval.

Latest Fintech News: Earned Wage Access Platform Tapcheck Raises $20 Million Series A

“MAS has been very transparent and engaged throughout the application process and we appreciate its commitment to prudent and constructive oversight of the industry,” said Michael Moro, CEO of Genesis.

Latest Fintech News: Parallel Finance Continues Rapid Product Expansion With Launch of Omni: NFT Money Market

Genesis offers sophisticated market participants a fully integrated platform to trade, borrow, lend, and custody digital assets, creating new opportunities for yield while increasing capital efficiency for counterparties. Since its founding in 2013, Genesis has aimed to provide institutional investors around the world with access to industry-leading products and services that are addressing an evolving global regulatory framework

Latest Fintech News: Dalrada Financial Corporation Appoints Professor Elizabeth Winzeler to Healthcare Advisory Board

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Bloomberg FXGO adds Supplementary Cost Analysis Tool

Fintech News Desk

Tribal Credit Takes Juniper Research’s Best B2B Payment Platform Gold Award

Fintech News Desk

Walmart Announces New Low-Price Fee on Money Transfers to Mexico

Fintech News Desk
1