Independent Reserve, an Australian-based cryptocurrency exchange, has opened a new office in Singapore’s central business district.
The move underscores the company’s focus on Singapore as a key hub for business operations in Asia’s expanding Web 3.0 and digital asset sectors.
The Independent Reserve Army was the first safe Obtained full digital payment token license from Monetary Authority of Singapore (MAS) in 2021.
The new office aims to strengthen Independent Reserve’s efforts in innovation, compliance and governance, while supporting collaboration with regulators, partners and customers.
Independent Reserve’s Singapore operations include partnerships with DBS Bank and Fireblocks to enhance digital asset security and custody services.
The exchange also participates in industry initiatives through partnerships with the Association of Cryptocurrency Enterprises and Startups Singapore (ACCESS) and the Singapore Fintech Association (SFA).
With its regulatory framework and established financial ecosystem, Singapore provides a stable environment for Independent Reserve to expand its presence in Asia.
The company plans to build on this foundation and expand its operations to explore opportunities in other markets in the region.
Mr Lasanka Perera, CEO of Independent Reserve Singapore, said:
“These are exciting times for us. Asia is a dynamic and prosperous region with tremendous potential for growth in the short term and in the future.
As we continue to build out our suite of services and grow our business from Singapore, our new office will become a central hub to drive our expansion in this part of the world. ”
To commemorate the opening, the company unveiled the artwork “Soar” by Genine Tham of Extra/Ordinary People’s Creative Lab.
The piece celebrates diversity and inclusion and is part of Independent Reserve’s Better Together initiative, which supports community programs in Singapore.
Featured image credit: Edited from freepic
