Hex Trust receives Major Payment Institution Licence from MAS
06 March 2025 Singapore
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."
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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