# BitGo Secures South Korean VASP License as First Foreign-Owned Company By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/41740 Published: 2026-10-27T12:40:10.000Z Updated: 2026-10-27T12:40:10.000Z Section: Regulation > Its Asia-Pacific client base tripled after its Singapore license, and its Singapore desk is BitGo Prime’s largest globally. BitGo secured a VASP license in South Korea, becoming the first foreign-owned company to do so. BitGo also holds a Major Payment Institution license in Singapore, granted in Aug. 2024. Its Asia-Pacific client base tripled after that license, and its Singapore desk became BitGo Prime’s largest globally as the company [expanded its Singapore operations](). ## Links in this article - [expanded its Singapore operations](https://www.tokenpost.com/news/business/27535)