6-3-2025 – Hex Trust has been awarded a coveted Major Payment Institution (MPI) licence by Singapore’s financial watchdog, marking a significant expansion of its regulated cryptocurrency services in the Asian financial hub.
The cryptocurrency custodian and trading platform received formal approval on 1 March from the Monetary Authority of Singapore (MAS), following preliminary clearance granted in July last year. This regulatory milestone enables the firm to legally provide digital payment token services alongside cross-border money transfers under Singapore’s comprehensive financial regulatory framework.
With this full licence secured, Hex Trust can now offer an integrated suite of regulated services combining digital asset custody with trading and settlement capabilities. Clients will benefit from seamless fiat on-ramps and off-ramps, according to company statements.
The firm has maintained operations in Singapore since 2020, establishing itself as part of the city-state’s growing digital assets ecosystem. This latest achievement adds to Hex Trust’s impressive regulatory portfolio, which already includes authorisations across multiple jurisdictions including Hong Kong, Dubai, France and Italy.
