Hex Trust Obtains Singapore Payment License
Hex Trust Secures Major Payment Institution License
Hex Trust Achieves Regulatory Milestone in Singapore
Hex Trust, renowned for its cryptocurrency custody and trading services, has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The announcement was made by the company on Thursday.
Receiving this license, which took effect on March 1, empowers Hex Trust to conduct cross-border money transfers and offer digital payment token services, aligning with Singapore's regulatory standards.