{"id":16457,"date":"2025-03-06T10:47:16","date_gmt":"2025-03-06T10:47:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16457"},"modified":"2025-03-06T10:47:16","modified_gmt":"2025-03-06T10:47:16","slug":"crypto-custodian-hex-trust-secures-major-payment-institution-license-in-singapore","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16457","title":{"rendered":"Crypto Custodian Hex Trust Secures Major Payment Institution License in Singapore"},"content":{"rendered":"<div>\n<p>Hex Trust, a cryptocurrency custodian and trading platform, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the<a href=\"https:\/\/hextrust.com\/resources-collection\/major-payment-institution-license-from-the-monetary-authority-of-singapore\" target=\"_blank\"> firm said on <\/a>Thursday.<\/p>\n<p>The license, granted on March 1, allows the firm to provide cross-border money transfers and digital payment token services under Singapore\u2019s regulatory framework.<\/p>\n<p>The approval follows Hex Trust\u2019s in-principle clearance from MAS in July 2024. With the full license, the company can now integrate regulated digital asset custody with trading and settlement services, including fiat on-ramps and off-ramps, according to a press release shared with CoinDesk.<\/p>\n<p>The move aligns with Singapore\u2019s efforts to balance innovation with regulatory oversight in digital finance. Other crypto trading platforms <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/18\/robinhood-to-introduce-crypto-products-in-singapore-this-year-bloomberg\" target=\"_blank\">including Robinhood<\/a> have outlined plans to introduce their products in the region this year.<\/p>\n<p>Hex Trust has operated in Singapore since 2020 and also holds regulatory approvals in Hong Kong, Dubai, France, and Italy, according to the document.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hex Trust, a cryptocurrency custodian and trading platform, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the firm said on Thursday. The license, granted on March 1, allows the firm to provide cross-border money transfers and digital payment token services under Singapore\u2019s regulatory framework. The approval follows Hex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16457","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16457"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16457\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}