We are pleased to announce that Cumberland SG Pte. Ltd. has received in-principle approval for the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). We look forward to expanding our presence in this important region, bringing our disciplined approach to compliance, proven market expertise and commitment to the digital asset ecosystem to counterparties in Singapore and beyond. #MonetaryAuthorityofSingapore #CumberlandDRW #Singapore #digitalassets An in-principle approval (IPA) reflects MAS’ view that a license may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a license at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.
Tokenization and RWA Expert | Institutional Sales and Partnerships| Curator STG-3 RWA Community
1 天前congrats !