Hex Trust Receives Approval for Major Payment Institution License from MAS
Wednesday, 24 July 2024, 01:00
Hex Trust Achieves Major Milestone
Hex Trust has received in-principle approval from Singapore's MAS for a Major Payment Institution license. This authorization allows the company to provide regulated Digital Payment Token services, a significant enhancement in their service offerings.
Implications of the License
- This license will enable Hex Trust to offer secure custody solutions.
- It aligns the company with international regulatory standards.
- Hex Trust's expansion will enhance the digital asset landscape in the region.
Conclusion
Securing this license positions Hex Trust as a key player in the digital payment space, paving the way for future growth and compliance in a rapidly evolving market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.