PANews reported on March 6 that according to official news, crypto custodian Hex Trust announced that it has obtained a major payment institution (MPI) license issued by the Monetary Authority of Singapore (MAS). The license was issued on March 1, 2025, authorizing Hex Trust to provide regulated cross-border remittance services and digital payment token (DPT) services. With this license, Hex Trust can now provide fully integrated solutions including custody, over-the-counter (OTC) and settlement, while covering fiat currency deposit and withdrawal services.

Previously, Hex Trust received in-principle approval (IPA) for its MPI license in July 2024.