QCP Trading Pte. Ltd. has officially secured a Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore (MAS), marking a significant step in its regulatory journey.
Full Regulatory Green Light
On September 1, 2025, QCP Trading—QCP Group’s over-the-counter (OTC) spot digital payment token (DPT) trading division—received the MPI license after first earning in-principle approval in November 2024. This milestone enables QCP to provide regulated crypto trading services to institutional clients in Singapore.
With this license, QCP can now deliver:
- Same-day settlement for OTC trades
- Multi-currency on/off-ramp services
- Voice trading solutions
- API-based execution for seamless integration
This move places QCP among a select group of fully licensed digital asset firms in Singapore, underlining its commitment to transparency and regulatory compliance.
Scaling for Growth
As part of its operational expansion, QCP has grown its Singapore-based team by around 40% year-over-year. The company has focused on building its compliance, operations, and client servicing capabilities—key pillars for supporting institutional-grade crypto services.
Company leadership highlighted that this license reflects QCP’s long-term vision of becoming a trusted, regulated digital asset trading platform. They also credited Singapore’s clear regulatory environment as an essential factor in enabling this progress.
A Strategic Shift for Institutional Engagement
The MPI license, granted under the Payment Services Act 2019, moves QCP from provisional approval to full authorization. This upgrade significantly boosts its credibility, especially with institutional clients such as:
- Hedge funds
- Corporate treasury teams
- Family offices
These entities prioritize strict compliance and dependable settlement processes—areas where licensed players have a clear edge.
Looking ahead, QCP is expected to continue expanding its service portfolio and local workforce. The licensing milestone also enhances its standing among top-tier regulated platforms like Coinbase, Bitstamp, and OKX.
As institutional demand for secure and compliant crypto trading continues to rise, QCP appears well-positioned to deepen its role within Singapore’s growing digital asset ecosystem.
