The Hex Trust has been licensed a major payment institute from Singapore’s Monetary Authority, allowing it to offer money transfers services across the border.
Cryptocurrency Custodian Hex Technologies PTE. Ltd. said on Thursday, March 6, he received a license from the Monet Authority of Singapore, which would allow it to offer a “fully integrated solution”, including detention, over-the-counter trading and settlement, including Fiat on and Ramp.
A press release shared with Crypto.news, Calvin Shane, CEO of Hex Technologies PTE. Ltd., stated that the Singapore remains a “major market” for the Hex Trust, saying that the milestone now allows Custodian to double its offerings to institutional customers.
“Securing MPI license is a will for our team’s dedication that works with MAS to meet its regulatory requirements. With a well -established regulatory structure and commitment to innovation, Singapore has continued to adopt the institutional of digital assets. ,
Calvin Shane
For the Hex Trust, the latest license marks another regulatory achievement in Singapore, where Custodians first received approval. In 2021, it Obtained Capital Markets Services License, allows it to provide regulated custodial services under Singapore’s Securities and Futures Act. Outside Singapore, the Hex Trust also licenses and registers in Hong Kong, Dubai, France and Italy.
In February, Hex Trust Safe A strategic funding round led by Morgan Creek Digital, including the involvement of global investors, including injected, exceeds $ 100 million. The Hax Trust said in a blog announcement, “That investment marked a” decisive milestone “, as it recently anticipated its series in 2025 for its series.”
