In Transient
Hex Belief has obtained a Main Fee Establishment License from the Financial Authority of Singapore, enabling it to supply built-in custody, OTC buying and selling, settlement, and fiat on/off ramp companies.
Digital asset monetary establishment, Hex Belief introduced that it has been granted a Main Fee Establishment (MPI) License by the Financial Authority of Singapore (MAS). The license, issued on March 1st, permits Hex Belief to supply regulated cross-border cash switch companies and Digital Fee Token (DPT) companies. With this new authorization, Hex Belief is now in a position to present a fully-integrated resolution that features custody, over-the-counter (OTC) buying and selling, settlement companies, in addition to fiat on and off ramps.
“Securing the MPI license is a testomony to our staff’s dedication to working intently with the MAS to fulfill its regulatory necessities,” mentioned Calvin Shen, Group Chief Business Officer & CEO of Hex Applied sciences, in a written assertion. “With a well-established regulatory framework and dedication to innovation, Singapore continues to drive institutional adoption of digital belongings. As a number one supplier of digital asset companies in Asia, Singapore is a key marketplace for Hex Belief, and this milestone allows us to additional improve our companies, offering institutional purchasers with safe and compliant digital asset options,” he added.
Hex Belief obtained In-Precept Approval (IPA) for the MPI license in July 2024. Receiving the official license from the Financial Authority of Singapore (MAS) additional strengthens Hex Belief’s dedication to offering absolutely compliant digital asset companies for accredited and institutional purchasers. As a number one international fintech hub with strict regulatory requirements, Singapore performs a key function in advancing digital finance innovation. This license represents an vital milestone in increasing entry to Hex Belief’s regulated digital asset options.
Hex Belief: Bridging Conventional Finance With Digital Asset Economic system
Based in 2018, Hex Belief gives regulated institutional companies in digital asset custody, staking, and markets for builders, traders, and repair suppliers. The corporate affords a complete, safe, and controlled suite of companies constructed on its proprietary, absolutely built-in infrastructure.
Hex Belief has been working in Singapore since 2020, with a devoted staff and workplace targeted on serving accredited and institutional purchasers. The MPI license represents a significant milestone within the firm’s regulatory journey, highlighting its proactive method to partaking with regulators. With licenses and registrations in key international monetary hubs, together with Hong Kong, Dubai, France, and Italy, Hex Belief continues to facilitate safe market entry for digital asset investments.
“Hex Belief’s enlargement throughout international monetary hubs is underpinned by our dedication to compliance, danger administration, and institutional-grade digital asset companies,” mentioned Alessio Quaglini, Co-Founder and Group CEO of Hex Belief, in a written assertion. “Securing the total MPI license in Singapore reinforces our place as a worldwide chief and trusted accomplice, bridging conventional finance with the digital asset economic system,” he added.
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
