Singapore – 3/27/25 – sFOX Pte. Ltd. (“sFOX”), a leading prime broker and institutional trading platform for digital assets, has received in-principle approval (“IPA”) from the Monetary Authority of Singapore (MAS), for a Major Payment Institution (“MPI”) licence further strengthening its commitment to providing safe and reliable, regulated institutional-grade cryptocurrency solutions.
If a licence is issued, sFOX will be authorized to offer its suite of institutional trading, custody, and liquidity solutions on cryptocurrencies to investment managers, family offices, and businesses operating in Singapore, a key financial hub for the Asia-Pacific region.
“Regulatory clarity is a cornerstone of institutional adoption,” said Akbar Thobani, CEO at sFOX. “This in-principle approval from the MAS, one of the world’s most established regulators, is a significant step forward, reaffirming our dedication to providing companies across the world with vast market depth, efficient execution, and secure infrastructure. We look forward to advance the growing digital asset ecosystem in Singapore.“
sFOX’s institutional platform integrates over 30 liquidity sources, enabling seamless access to cryptocurrency markets with enhanced price execution, compliance, and security. When licenced, the firm is poised to support wealth managers, hedge funds, family offices, and enterprises seeking regulated digital asset trading and investing in Singapore.
The IPA granted by MAS adds onto sFOX’s ongoing global regulatory strategy, which includes its Wyoming Trust Charter and other licensing efforts. As institutions continue to seek trusted, regulated partners in digital assets, sFOX remains at the forefront of secure cryptocurrency market infrastructure.
An IPA reflects MAS’ view that a licence 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 licence at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.
For more information, visit www.sfox.com.
About sFOX
sFOX is a leading digital asset prime broker providing institutional-grade liquidity, execution, and custody solutions for hedge funds, family offices, and financial institutions. By aggregating liquidity from 30+ exchanges and market makers, sFOX delivers superior price execution, deep liquidity, and compliance-driven trading infrastructure.
