Dear Matrixport Users,

We are pleased to announce that Fly Wing Technologies Pte Ltd ("Fly Wing"), a wholly owned subsidiary of Matrixport, has received an in-principle approval ("IPA") from the Monetary Authority of Singapore ("MAS") for its Major Payment Institution License ("MPI license") application.

The IPA marks an important milestone for Fly Wing’s journey towards obtaining the MPI license, further strengthening its leading position as the premium Over-the-Counter (OTC) desk in Singapore. Fly Wing can offer innovative Digital Payment Token services in a compliant and responsible manner, and will continue to optimize blockchain-driven Digital Payment Token services, helping more users easily enter the Web 3.0 industry.

The Company will also continue to work with global benchmark regulatory agencies to jointly create a compliant and secure blockchain financial ecosystem.

Thank you for supporting Matrixport.

Matrixport Team

October 30, 2024

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