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Digital asset custodian and trading service provider Hex Belief has acquired a Main Fee Establishment (MPI) License from the Monetary Authority of Singapore (MAS). This license, granted on March 1, 2025, allows Hex Belief to offer regulated cross-border money transfers and Digital Fee Token (DPT) services within the city-state.
The crypto custodian received a full license after obtaining preliminary approval from MAS in July 2024.
Enhancing Institutional Crypto Services in Asia
The company considers Singapore a vital market, aligning with its broader strategy of expanding in regions with well-defined regulatory frameworks that promote institutional adoption of digital assets.
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Calvin Shen, Group Chief Business Officer and CEO of Hex Technologies Pte Ltd, stated in a press release shared with Cryptonews that obtaining the MPI license demonstrates the firm’s commitment to collaborating closely with MAS and complying with regulatory standards. He emphasized that Singapore’s financial landscape continues to encourage institutional involvement in digital finance, making it an ideal market for growth.
A Global Initiative for Regulatory Compliance
Beyond Singapore, Hex Belief has been actively pursuing regulatory approvals across major financial centers. The company holds licenses and registrations in Hong Kong, Dubai, France, and Italy, showcasing its focus on compliance, risk management, and bridging the gap between traditional finance and the digital asset ecosystem.
Co-Founder and Group CEO Alessio Quaglini pointed out that obtaining the full MPI license in Singapore enhances Hex Belief’s global presence, solidifying its reputation as a reliable partner for institutional investors. Since launching its Singapore operations in 2020, the firm has consistently developed a local presence, providing accredited clients with institutional-grade solutions.
Hex Belief now joins the ranks of Anchorage Digital, Coinbase, BitGo, Circle, and Crypto.com, all of whom have secured a full Main Fee Establishment (MPI) license from Singapore’s MAS, reinforcing its status among the country’s leading regulated digital asset firms.
The post Hex Belief Secures Main Fee License from Singapore’s MAS appeared first on Cryptonews.
