Hex Trust, a leading digital asset custodian and financial technology firm, has announced a significant achievement with its recent approval for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). This license is a key regulatory milestone, allowing Hex Trust to provide a comprehensive suite of payment services under Singapore’s financial regulations.
The MPI License is crucial for Hex Trust as it expands its operations and service offerings in Singapore, one of the world’s leading financial hubs. With this license, Hex Trust can now offer a wider range of payment services, including digital payment token services and electronic money issuance, which are essential for its growth and development in the financial technology sector.
Hex Trust’s CEO, Antonio Sepulveda, expressed enthusiasm about the approval, highlighting that it aligns with the company’s mission to provide secure and innovative digital asset solutions. He noted that this license would not only enhance Hex Trust’s service capabilities but also strengthen its regulatory standing in Singapore’s competitive financial market.
The approval comes at a time when digital payment solutions are increasingly gaining traction globally, and financial regulators are adapting to new technologies. By securing the MPI License, Hex Trust is well-positioned to capitalize on these trends and continue its expansion in both local and international markets.
This achievement marks a significant step forward for Hex Trust as it looks to leverage its enhanced regulatory status to drive growth and innovation in the payment services sector.