Hex Trust receives in-principle approval for MPI license in Singapore, allowing it to provide crypto custody and OTC trading services

According to Foresight News, according to The Block, cryptocurrency custodian Hex Trust has obtained the principle approval of Singapore's Major Payment Institution (MPI) license from the Monetary Authority of Singapore, which will allow the company to provide digital payment token services in Singapore, namely, cryptocurrency custody and over-the-counter trading services.

Hex Trust received a full Virtual Asset Services Provider license in Dubai in November 2023.