![Hex Trust Secures Initial Approval for Payment Institution License in Singapore](/content/images/size/w600/2024/07/26ad8f46-121b-4a85-b7d8-2ea0fe7928a6.png)
Finance
Hex Trust Secures Initial Approval for Payment Institution License in Singapore
Hex Trust, a Hong Kong-based digital asset custodian, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will enable Hex Trust to offer regulated Digital Payment Token (DPT) services in Singapore, including custody and over-the-counter (OTC) trading of DPTs.