QCP Group, a Singapore-based digital asset trading and investment firm, has significantly expanded its global presence. The company announced Wednesday that it has increased its workforce by 50% year-over-year and opened new offices across Asia, the Middle East, and the United States.
Workforce Growth and New Office Locations
The firm now employs 157 people worldwide, a notable increase from approximately 105 employees in the previous year. As part of this expansion, QCP has launched new offices in key international cities including New York, Abu Dhabi, Kuala Lumpur, and Ho Chi Minh City. Concurrently, the company has relocated its Singapore headquarters to larger premises within Prudential Tower.
QCP stated that this expansion is a direct response to the growing institutional demand for digital asset trading, derivatives, and treasury solutions. Out of the 157 total employees, 119 are based in Singapore, reinforcing the city-state's role as QCP's central operational hub.
Strategic Expansion in Key Markets
The establishment of the Abu Dhabi office follows QCP's recent approval from the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM). Earlier this year, the company secured a Financial Services Permission (FSP) in this jurisdiction. This license is crucial as it enables QCP to offer regulated digital asset services, marking a significant milestone in its deepening presence within the Middle East's rapidly expanding crypto market.
In addition to its Middle Eastern and Asian expansions, QCP also holds a Major Payment Institution (MPI) license in Singapore. This license permits the firm to conduct regulated digital payment token services. QCP indicated that its international expansion strategy is closely aligned with the increasing participation of institutions in digital assets across multiple global regions.
The addition of new offices in Kuala Lumpur and Ho Chi Minh City is designed to strengthen QCP's footprint in Southeast Asia, a region recognized as one of the fastest-growing markets for digital asset adoption. Furthermore, the opening of its New York location signifies a strategic push into the United States, which is the world's largest financial market.
Company Background and Future Outlook
Founded in 2017, QCP has established itself as one of Asia's most active firms in the crypto derivatives and structured products space. The company serves a diverse clientele, including hedge funds, trading desks, corporations, and high-net-worth individuals. QCP anticipates that its expanded global team will be instrumental in supporting new product development initiatives and enhancing its service coverage across various time zones.
QCP's accelerated growth occurs at a time when institutional digital asset trading is experiencing a global surge. The firm is strategically positioning itself to effectively compete across major international financial hubs.