Cumberland Singapore
MAS-licensed institutional cryptoasset liquidity and principal-trading firm

Singapore entity of DRW-owned institutional cryptoasset liquidity provider Cumberland. MAS currently lists Cumberland SG as a Major Payment Institution for Digital Payment Token Service and cross-border money transfers. Cumberland describes principal trading for its own account through relationship managers, Marea, and API access, with post-trade settlement. It explicitly states that it does not provide investment advice or custody. The DPT licence does not cover derivatives or other unregulated services and does not protect against provider or token losses.