Share this article
Crypto Custodian Hex Trust Secures Major Payment Institution License in Singapore
The license allows Hex Trust to provide cross-border money transfers and digital payment token services.
Mar 6, 2025, 10:34 a.m.
What to know:
- Hex Trust secured a Major Payment Institution license from Singapore's MAS.
- The license allows cross-border transfers and digital payment token services.
- The firm can now integrate digital asset custody with trading and settlement services.
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’s regulatory framework.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The approval follows Hex Trust’s 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.
The move aligns with Singapore’s efforts to balance innovation with regulatory oversight in digital finance. Other crypto trading platforms including Robinhood have outlined plans to introduce their products in the region this year.
Hex Trust has operated in Singapore since 2020 and also holds regulatory approvals in Hong Kong, Dubai, France, and Italy, according to the document.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Amplify ETFs targeting stablecoin and tokenization sectors open for trade
The two funds — STBQ and TKNQ — each come with a 69 basis point expense ratio.
What to know:
- Asset manager Amplify ETFs has brought to market two funds offering exposure to stablecoins and tokenized assets.
- STBQ focuses on stablecoin technology, while TKNQ focuses on tokenization technology, tracking specific MarketVector indexes.
- The funds each come with a 69 basis point expense ratio.
Top Stories
