Hex Trust Secures Major Payment License in Singapore – A Game Changer for Crypto Services?

Singapore continues to solidify its position as a global crypto hub, and Hex Trust just scored a major win. The digital asset custodian and trading platform has officially secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS)—a milestone that unlocks new opportunities for regulated crypto services in the region.

What This Means for Hex Trust

With this license, Hex Trust can now legally offer:

Cross-border money transfers – making it easier to send and receive funds internationally.
Digital payment token services – allowing the firm to integrate crypto transactions under Singapore’s regulatory framework.
Expanded trading and settlement solutions – enabling a seamless blend of digital asset custody with fiat on-ramps and off-ramps.

The firm initially received in-principle approval in July 2024, but this full license, granted on March 1, 2025, now allows Hex Trust to operate at scale under Singapore’s well-defined regulatory environment.

Singapore: A Growing Crypto Powerhouse

This move aligns with Singapore’s broader strategy of fostering digital finance innovation while maintaining strong regulatory oversight. Other major platforms, including Robinhood, have also been eyeing the region for expansion, signaling growing institutional interest in Singapore’s crypto ecosystem.

Hex Trust isn’t new to the game. Since 2020, the company has been expanding its presence globally, securing regulatory approvals in Hong Kong, Dubai, France, and Italy. With Singapore now officially in the mix, the firm is well-positioned to offer fully compliant crypto services across multiple jurisdictions.

What’s Next?

As digital finance continues to evolve, regulated institutions like Hex Trust are paving the way for mass crypto adoption. With secure custody, streamlined payments, and trading integrations, could Singapore become the next big hub for institutional crypto services?

Hex Trust Secures Major Payment License in Singapore – A Game Changer for Crypto Services?

Singapore continues to strengthen its reputation as a global leader in crypto regulation and innovation. In a major development, Hex Trust, a digital asset custodian and trading platform, has officially secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone positions the firm as a key player in Singapore’s regulated crypto space, unlocking new opportunities for secure and compliant financial services.

Hex Trust’s New Capabilities Under the License

With this full MPI license, Hex Trust can now:

Provide cross-border money transfer services – enabling fast and secure international fund transfers for institutional and retail clients.
Offer digital payment token services – allowing businesses and individuals to transact using digital assets under Singapore’s regulatory framework.
Expand its crypto custody, trading, and settlement services – integrating fiat on-ramps and off-ramps for seamless asset management.

This approval follows an in-principle clearance from MAS in July 2024. With the full license granted on March 1, 2025, Hex Trust can now operate at scale and provide institutional-grade financial services in Singapore—a market known for its balanced approach to crypto regulation.

Singapore’s Crypto-Friendly Yet Regulated Approach

Singapore has been proactive in creating a safe and well-regulated environment for crypto businesses. By granting licenses to key industry players like Hex Trust, the MAS is striking a balance between innovation and investor protection.

Other major firms, including Robinhood, have also announced plans to expand their crypto services in Singapore, signaling growing institutional interest in the region. The country’s clear regulatory framework and pro-business policies make it an attractive destination for crypto firms looking for legitimacy and long-term stability.

Hex Trust’s Global Expansion & Institutional Growth

Hex Trust has been expanding its regulatory footprint across multiple jurisdictions, making it one of the most trusted names in digital asset custody. The firm currently holds approvals in:

• Hong Kong – under the Securities and Futures Commission (SFC) regulatory framework.
• Dubai – where it operates under the Virtual Asset Regulatory Authority (VARA).
• France & Italy – strengthening its presence in the European digital asset market.

With Singapore now officially in its regulatory portfolio, Hex Trust is set to offer fully compliant crypto services across Asia, the Middle East, and Europe, bridging traditional finance with the fast-growing digital asset industry.

What’s Next for Hex Trust & Crypto Adoption?

As crypto adoption increases worldwide, regulated institutions like Hex Trust are paving the way for mass adoption by providing secure, compliant, and scalable solutions.

With its expanded capabilities in custody, trading, payments, and settlement, the firm is well-positioned to:

Attract more institutional clients looking for regulated crypto services.
Facilitate large-scale digital asset transactions in a secure and compliant manner.
Contribute to Singapore’s position as a global hub for crypto and blockchain innovation.

With the crypto market evolving rapidly, could Singapore become the next global leader in institutional crypto services?

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are subject to high market risks and regulatory changes. Readers should conduct their own research and consult with a professional advisor before making any financial decisions. The author and publisher are not responsible for any financial losses resulting from investment activities based on this content.