HashKey OTC has received in-principle approval from the Monetary Authority of Singapore to launch digital payment token services

ChainCatcher news, HashKey Group's over-the-counter trading department Hashkey OTC has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license.

HashKey OTC is currently operating under a license exemption for providing digital payment token services within the stipulated timeframe, serving institutions and qualified investors. The scope of services includes spot trading for nearly 40 types of digital payment tokens, deposit and withdrawal services, large transactions, the fastest T+0 settlement, and customer service provided through voice and instant messaging.