Bitget Completes FSPR Registration in New Zealand to Expand Compliance Business
Bitget announced that it has completed registration with the New Zealand Financial Service Providers Register, covering services such as foreign exchange, cross-border remittances, asset custody, portfolio management, and execution of trades in stocks, ETFs, etc.
It has also joined the New Zealand IFSO dispute resolution scheme, having previously obtained licenses from El Salvador DASP and South Africa FSCA, and launched US stock tokens rToken and direct trading services.
This registration is part of a global compliance-driven initiative, with funds flowing towards regulated markets and RWA products, benefiting Bitget while unlicensed competitors face pressure.
Source: Public Information
ABAB AI Insight
Bitget continues to obtain licenses across multiple jurisdictions, with the New Zealand registration further covering the execution rights for traditional financial instruments, creating synergy with its launched US stock tokens and broker direct connection services.
The capital path focuses on enhancing compliance infrastructure, motivated by the support for the expansion of tokenized RWA and traditional asset trading, reducing legal risks in cross-border operations.
In contrast to the selective licensing strategy of platforms like Binance, Bitget is in the stage of rapidly building a global service network through multi-country registrations.
This is essentially a regulatory change, with the mechanism of license combinations reducing reliance on a single market, allowing exchanges to legally enter traditional products such as stocks and ETFs.
ABAB News · Cognitive Law
Licenses are the key to traditional financial entry
Multi-country registration dilutes single regulatory risk
Compliance infrastructure determines product boundaries