MetaComp Gets the MAS Green Light To Provide Digital Payment Token Services

metacomp You can now offer regulated digital payment token services to customers in Singapore with a license from . Monetary Authority of Singapore (MAS).

MAS has licensed MetaComp to provide digital payment token services as a major payment institution. Licensing falls under the Regulator’s Payment Services Act.

MetaComp’s license allows us to offer end-to-end digital asset services to corporate, traditional, and crypto-native institutional investors.

HirohakuExecutive Chairman and Co-Founder of MetaComp confirms his belief in the potential of tokenization. Its scope ranges from enhancing financial inclusion to enhancing the integrity of green finance initiatives.

This is a similar view for MAS, says Bai. This is evidenced by the regulatory framework that positions Singapore as a hub for innovators in digital assets.

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MetaComp provides a cloud-based digital asset exchange powered by the Nasdaq trading engine.

comply with Financial Action Task Force (FATF) KYC/AML framework, MetaComp enables accredited institutional investors to enter digital markets with confidence. MetaComp spans the world of traditional finance across private equity, hedge funds and digital assets.

MetaComp’s efforts to drive token innovation are supported by parent company licenses. Metaverse Green Exchange (MVGX).

MVGX is a digital green exchange. It holds an Accredited Market Operator License and a Capital Markets Services License under the Securities and Futures Act of Singapore.

This license allows MVGX to handle securities and collective investment schemes and provide custody services.

Under its Capital Markets Services License, MVGX also trades over-the-counter (OTC) and exchange-traded derivatives. This will further enhance the company’s overall financial services.

Together, both entities can provide exposure to tokens backed by real-world assets. This includes intellectual property-backed tokens, Supply His Chain funding, and carbon credits in the form of Carbon Neutral Tokens (CNT).

CNT leverages its proprietary protocol and blockchain technology to facilitate cross-border trading of carbon voluntary emission reduction credits.

In recent years, we have witnessed the rapid expansion and maturation of the digital asset ecosystem, continues Bai.

He explains that MetaComp aims to act as a compass for institutional investors and companies on their long-term digital asset investment journey.

Bai explained that MAS’ regulatory support is “important in instilling greater trust and integrity into the digital asset industry in Singapore.”