Gemini Digital Payments Singapore has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), authorizing its Singapore-incorporated subsidiary for Digital Payment Token Service and Cross-border Money Transfer Service. Announced by Gemini on September 8, 2026, the approval upgrades an in-principle authorization granted in October 2024. The MPI framework removes transaction-volume and e-money thresholds that apply to standard payment institutions and imposes broader supervision, including customer-money safeguarding. Gemini says its Singapore business offers spot digital-asset trading, custody and over-the-counter services and has served customers since 2020, but the announcement does not establish a new product launch or immediate changes to customer access, fees or eligibility. The exact legal effective or issuance date remains unspecified. The milestone comes as Gemini manages a turbulent period as a public company, including a reported $108 million loss, while Gemini Dollar traded near its peg at $0.999711 on September 10, 2026.