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Hex Belief Secures Main Fee License from Singapore’s MAS

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Digital asset custodian and buying and selling service providerHex Belief has acquired a Main Fee Establishment (MPI) License from the Financial Authority of Singapore (MAS). The license, issued on March 1, 2025, permits Hex Belief to supply regulated cross-border cash transfers and Digital Fee Token (DPT) companies within the city-state.

The crypto custodian acquired a full license after acquiring preliminary approval from MAS in July 2024.

Strengthening Institutional Crypto Providers in Asia

The corporate views Singapore as a key market, aligning with its broader technique of increasing in jurisdictions with well-defined regulatory frameworks that encourage institutional adoption of digital property.

Calvin Shen, Group Chief Industrial Officer and CEO of Hex Applied sciences Pte Ltd, acknowledged in a press launch shared with Cryptonews that securing the MPI license displays the agency’s dedication to working carefully with MAS and adhering to regulatory necessities. He famous that Singapore’s monetary panorama continues to foster institutional engagement in digital finance, making it a great marketplace for enlargement.

A International Push for Regulatory Compliance

Past Singapore, Hex Belief has been actively securing regulatory approvals throughout main monetary hubs. The corporate holds licenses and registrations in Hong Kong, Dubai, France, and Italy, demonstrating its deal with compliance, danger administration, and bridging the hole between conventional finance and the digital asset ecosystem.

Co-Founder and Group CEO Alessio Quaglini highlighted that getting the total MPI license in Singapore strengthens Hex Belief’s international footprint, reinforcing its repute as a trusted accomplice for institutional buyers. Since establishing its Singapore operations in 2020, the agency has steadily constructed a neighborhood presence, serving accredited shoppers with institutional-grade options.

Hex Belief is now among the many likes of Anchorage Digital, Coinbase, BitGo, Circle, and Crypto.com who’ve secured a full Main Fee Establishment (MPI) license from Singapore’s MAS, reinforcing its place among the many nation’s high regulated digital asset companies.

The put up Hex Belief Secures Main Fee License from Singapore’s MAS appeared first on Cryptonews.

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