BitGo Holdings (NYSE: BTGO) has opened a new office in Singapore, expanding its regional footprint two years after its subsidiary, BitGo Singapore Pte. Ltd., received a Major Payment Institution licence from the Monetary Authority of Singapore in August 2024.

According to a company statement, BitGo Singapore's headcount has more than doubled since receiving the licence, while its client base across Asia Pacific has tripled. Clients in the region include governments, regulated financial institutions, payment service providers, fintechs, and high-net-worth investors.

Singapore also houses the largest trading desk within BitGo Prime, the company's institutional trading and financing unit. Trading volumes at the Singapore desk more than doubled in the first half of 2026 compared to the same period in 2025.

"Two years ago, BitGo Singapore received its MPI license from MAS, and since then, we have built a real home for BitGo in the region," said Angela Ang, Managing Director, APAC and President of BitGo Singapore.

Stefan von Haenisch, Managing Director and Head of BitGo Prime, said the desk's growth reflects "the increasingly important role Asia Pacific plays in BitGo's global business."

The new office is expected to support additional hiring in client coverage and business operations roles in Singapore.