QCP Trading secures MAS licence for digital assets

By Vriti Gothi

QCP Trading has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide institutional-grade digital asset services under a robust regulatory framework.

The approval, which follows the firm’s in-principle clearance in November 2024, authorises QCP Trading to conduct over-the-counter (OTC) spot trading of digital payment tokens (DPTs) for institutional clients. The licence further affirms QCP’s commitment to regulatory excellence, client trust, and long-term market development in Singapore’s growing digital finance ecosystem.

QCP Trading’s offering combines multi-currency on- and off-ramping, voice trading, API connectivity, and same-day settlement via established partnerships with local banking institutions. These capabilities are designed to meet the evolving needs of institutional investors seeking seamless access to digital assets within a secure and compliant environment.

QCP Group, the parent company of QCP Trading, has reinforced its commitment to Singapore by expanding its local workforce by nearly 40% year-on-year, with new hires across compliance, operations, and client coverage. Founded in 2017, the Group provides a comprehensive suite of services, including derivatives, spot trading, and structured products, catering to institutional, professional, and accredited investors. Headquartered in Singapore, QCP also maintains a regional presence in Abu Dhabi.

Darius Sit, Founder of QCP Group, said, “The granting of the MPI licence for our spot DPT trading arm reflects our unwavering commitment to regulatory integrity and our mission to build the most trusted institutional trading platform in digital assets. This milestone enables us to deepen our roots in Singapore’s financial ecosystem, while delivering compliant and seamless services to clients across the region and globally.”