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Announcement on Matrixport’s Application for Financial Service Permission Licence in Bhutan’s Gelephu Mindfulness City Special Administrative Region
Announcement on Matrixport’s Application for Financial Service Permission Licence in Bhutan’s Gelephu Mindfulness City Special Administrative Region
Updated over 3 weeks ago

Dear Matrixport Users,

We are pleased to announce that Matrixporthas officially applied to the Gelephu Mindfulness City Authority (GMCA) for a Financial Service Permission Licence to provide regulated virtual asset services. Matrixport will be among the first licence applicants under the new financial services and virtual asset regulatory framework in Gelephu Mindfulness City (GMC), Bhutan.

Established in December 2023, GMC is strategically located on the land bridge connecting South Asia’s rapidly growing economies. It is uniquely positioned to serve a population of over 2 billion, offering businesses and investors opportunities for economic and social growth while upholding sustainability and human values. GMC places a strong emphasis on financial services and virtual assets, encouraging innovation and development in fintech and blockchain technologies. The jurisdiction adheres to an internationally aligned, forward-looking regulatory framework that promotes a risk-proportionate, progressive, and technology-inclusive environment.

Matrixport’s presence in GMC will be the firm’s first expansion into South Asia. Subject to regulatory approval by the GMCA, Matrixport plans to offer compliant and diversified virtual asset financial services in GMC, including structured products, real-world asset (RWA) offerings, prime brokerage services, and virtual asset custody solutions.

Matrixport will leverage GMC as its regional base for South Asia in the future. With this as a cornerstone, Matrixport will further expand its services across Asia and global markets in a compliant manner. We will continue pursuing additional regulatory approvals and strategic collaborations to support our long-term growth objectives. By constantly enhancing our services and improving the user experience, Matrixport remains committed to providing efficient and user-friendly digital asset management solutions for all users.

Thank you for your continued support and attention to Matrixport!

Matrixport Team

December 18, 2024


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