BitGo opens Singapore office as APAC client base triples

BitGo Singapore has expanded its client base in the first half of 2026, marking a push into the Asia-Pacific region at a time when institutional appetite for regulated crypto custody is surging.

In June 2026, BitGo appointed Angela Ang, a former official at the Monetary Authority of Singapore (MAS), as Managing Director of APAC and President of BitGo Singapore.

What BitGo is building in Singapore

BitGo Singapore operates under a Major Payment Institution license from MAS. That license allows the subsidiary to offer regulated Digital Payment Token services. The company’s service stack in the region includes cold storage for over 1,300 digital assets, around-the-clock trading and settlement, and token management services.

A partnership announced in June 2026 with dtcpay pairs BitGo’s custody and trading capabilities with dtcpay’s payments infrastructure, creating an end-to-end pipeline from digital asset storage to merchant settlement.

Globally, BitGo reported 104% year-over-year client growth, reaching 5,322 clients by the end of 2025.

Why APAC, why now

Hong Kong re-opened its doors to retail crypto trading in 2023 and has continued expanding its licensing regime. Japan has progressively eased rules around stablecoin issuance. Australia is developing its own digital asset regulatory framework.

Angela Ang worked at MAS before joining BitGo, giving her direct familiarity with the regulatory expectations that institutional clients in the region will face.

The institutional custody race heats up

The approval of spot Bitcoin ETFs in the US in early 2024 unlocked a wave of institutional capital that needs somewhere to be stored, settled, and managed.

Regulatory fragmentation across APAC jurisdictions means a firm needs to navigate MAS rules in Singapore, SFC requirements in Hong Kong, JFSA standards in Japan, and emerging frameworks in markets like Thailand and South Korea.

BitGo reported 104% global client growth year-over-year in a segment where switching costs are high and due diligence cycles are long.

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