QCP Trading, the OTC spot trading arm of QCP Group, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This allows the firm to offer regulated OTC spot trading of digital payment tokens (DPT) to institutional clients.
The platform features multi-currency support, seamless API integration, dedicated voice trading, and same-day settlement through local banks. QCP Group has also expanded its Singapore team by 40% over the past year, strengthening compliance, operations, and client coverage.
Darius Sit, Founder of QCP Group, said:
“The MPI license reflects our commitment to regulatory integrity and building a trusted institutional platform for digital assets.”
Melvin Deng, CEO of QCP Trading, added:
“Singapore leads in forward-thinking digital asset regulation. This license positions QCP Trading to meet growing institutional demand for reliable DPT services.”