Hex Trust receives Major Payment Institution Licence from MAS
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Hex Trust receives Major Payment Institution Licence from MAS 06 March 2025Singapore Reporter: Jack McRae
Image: stock.adobe.com/Tomas
Hex Trust has received a Major Payment Institution licence from the Monetary Authority of Singapore (MAS).
The licence allows Hex Trust to provide regulated cross-border money transfer services and Digital Payment Token (DPT) services.
With this licence, Hex Trust can now provide a fully-integrated solution that includes custody, OTC trading, and settlement, including fiat on and off ramps.
Calvin Shen, group chief commercial officer and CEO of Hex Technologies, says: “With a well-established regulatory framework and commitment to innovation, Singapore continues to drive institutional adoption of digital assets.
“As a leading provider of digital asset services in Asia, Singapore is a key market for Hex Trust, and this milestone enables us to further enhance our services, providing institutional clients with secure and compliant digital asset solutions."
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Image: stock.adobe.com/Tomas 