QCP Group Expansion Announcement
Singapore’s QCP Group, a prominent player in the digital asset trading sector, has announced a significant expansion that includes a 50% increase in its workforce to a total of 157 employees globally. This announcement, made public on Wednesday, follows the establishment of new offices in five major cities: New York, Abu Dhabi, Kuala Lumpur, and Ho Chi Minh City, in addition to a larger facility at Prudential Tower in Singapore, the firm’s home base.
Workforce and Strategic Timing
QCP now employs 119 individuals in Singapore, with the remaining staff dispersed across its newly formed international branches. This expansion is strategically timed, as the firm has recently secured crucial licenses in multiple jurisdictions, namely a Major Payment Institution license from Singapore’s Monetary Authority and a Financial Services Permission from the Abu Dhabi Global Market. These licenses are pivotal for QCP, allowing it to provide regulated trading services, including spot trading and derivatives, to institutional clients around the clock.
Commitment to Institutional Clients
Darius Sit, QCP’s founder, emphasized the firm’s commitment to being a trusted partner for institutional clients who seek comprehensive trading solutions with a strong regulatory foundation. He noted, “Institutions want a partner with deep market expertise, full-spectrum execution, and regulatory integrity in the hubs that matter.”
With operations licensed in both Singapore and Abu Dhabi, alongside a presence in critical financial centers like New York and London, QCP is enhancing its ability to meet the diverse needs of its clients.
Clientele and Services Offered
Among its clientele are notable organizations such as Nasdaq and various firms backed by BlackRock, including the tokenization company Securitize. QCP offers a variety of services designed for institutional investors, including liquidity solutions, risk management strategies, and yield optimization for global funds, corporations, and family offices.
CEO Melvin Deng stated that the company’s approach combines the accessibility of regulated markets with the necessary trading infrastructure, ensuring compliance with the respective frameworks of Singapore and Abu Dhabi while providing continuous support for various trading products.
