SINGAPORE — OKX, a leading global cryptocurrency exchange and Web3 technology company, has achieved a significant milestone with its Singapore entity, OKX SG Pte. Ltd. (OKX SG). The Monetary Authority of Singapore (MAS) granted OKX SG a Major Payment Institution (MPI) license, enabling the platform to offer regulated digital payment token services and cross-border money transfers in Singapore. Concurrently, OKX SG appointed Gracie Lin, a seasoned financial and technology executive, as its new CEO.
Key Developments
- MPI License Approval: Authorizes OKX SG to provide cryptocurrency spot trading and cross-border payment services under Singapore’s Payment Services Act 2019 (PS Act).
- Leadership Appointment: Gracie Lin will spearhead strategic initiatives, focusing on product development tailored to Singapore’s market needs.
👉 Explore OKX’s licensed services in Singapore
Gracie Lin’s Vision for OKX SG
With nearly 20 years of experience spanning finance, public policy, and technology, Lin emphasized Singapore’s role as a global digital asset hub:
"The MPI license is a pivotal step in our commitment to democratizing access to digital assets while fostering ecosystem growth. I look forward to collaborating with partners and customers to deliver innovative solutions."
Career Highlights
- Former Regional Strategy Lead at Grab.
- Roles at MAS and GIC, specializing in financial regulation and business strategy.
- Education: Economics degree (University of Chicago), Master’s in International Economics (Yale).
Strategic Importance of Singapore
Singapore is a core market for OKX’s global expansion, reflecting its progressive regulatory framework and robust fintech ecosystem. The MPI license follows OKX SG’s in-principle approval from MAS in February 2024.
Building a Localized Team
OKX SG is recruiting subject-matter experts to enhance services for Singaporean users, aligning with MAS compliance standards.
FAQ Section
What services does the MPI license allow OKX SG to offer?
The license permits digital payment token trading (e.g., spot crypto transactions) and cross-border money transfers.
Why is Singapore critical to OKX’s strategy?
Singapore’s clear regulations and thriving Web3 community make it an ideal hub for scaling blockchain-based financial services.
How does Gracie Lin’s background benefit OKX SG?
Her expertise in financial regulation and tech-sector strategy ensures OKX SG can navigate compliance while innovating for local users.
👉 Discover OKX’s global institutional services
About OKX
A technology-driven organization, OKX aims to streamline blockchain accessibility. Its suite includes:
- OKX Exchange & Wallet.
- DeFi and NFT solutions.
- Institutional-grade trading infrastructure.
For media inquiries, contact: [email protected]
Disclaimer: This content is informational only. Digital assets carry risks; assess your financial capacity before trading. OKX does not provide investment advice.
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