Institutional Crypto Horizon Expands in Singapore as sFOX Secures MAS In-Principle Approval
Singapore – March 31, 2025 – (SeaPRwire) – sFOX Pte. Ltd. (“sFOX”), a leading prime broker and institutional trading platform for digital assets, has received in-principle approval (“IPA”) from the Monetary Authority of Singapore (MAS), for a Major Payment Institution (“MPI”) licence further strengthening its commitment to providing safe and reliable, regulated institutional-grade cryptocurrency solutions.
If a licence is issued, sFOX will be authorized to offer its suite of institutional trading, custody, and liquidity solutions on cryptocurrencies to investment managers, family offices, and businesses operating in Singapore, a key financial hub for the Asia-Pacific region.
“Regulatory clarity is a cornerstone of institutional adoption,” said Akbar Thobani, CEO at sFOX. “This in-principle approval from the MAS, one of the world’s most established regulators, is a significant step forward, reaffirming our dedication to providing companies across the world with vast market depth, efficient execution, and…