OKX SG has been granted a major payment institution license by the Monetary Authority of Singapore, and Gracie Lin has been appointed as CEO
OKX SG received in-principle approval for the MPI license issued by MAS in February 2024 and is assembling a world-class team of experts to support the company's plan to serve local customers in Singapore.On September 2, global leading cryptocurrency exchange and Web3 technology company OKX announced that its local entity OKX SG Pte. Ltd. (OKX SG) has obtained a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS) and appointed Gracie Lin as the CEO of OKX SG.
With the license granted under the Payment Services Act 2019 (PS Act), OKX SG can provide digital payment token and cross-border remittance services to users in Singapore, including spot trading (buying and selling) of cryptocurrencies.
As CEO, Gracie Lin will be responsible for executing the company's strategic plans, including the development of digital payment token products and services that meet the needs of Singaporean customers.
Gracie Lin has nearly twenty years of experience in finance, the public sector, and technology. Before joining OKX, she was a member of the management team at Grab, responsible for regional strategy and economics. Prior to that, she held multiple positions at the Monetary Authority of Singapore (MAS) and the sovereign wealth fund GIC, accumulating extensive experience in management, operations, business strategy, and financial regulation. She graduated from the University of Chicago with a bachelor's degree in economics and obtained a master's degree in international and development economics from Yale University.
Singapore is a core market in OKX's global development strategy. The approval of the MPI license and the appointment of Gracie Lin mark a significant milestone for OKX in Singapore.
OKX SG CEO Gracie Lin stated, "Singapore is a world-class digital asset hub and an important market for OKX. I am excited to be part of the team and will be dedicated to building our business here. The MPI license is an important step in our journey, and we are more committed than ever to providing our customers with access to digital assets and contributing to the development of the community and ecosystem. I look forward to continuing to engage with our partners, customers, and the broader community to better serve them."
OKX SG received in-principle approval for the MPI license from MAS in February 2024 and is assembling a world-class team of experts to support the company's plans to serve local customers in Singapore.
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About OKX
OKX is a technology company dedicated to building global blockchain infrastructure to make it more accessible and practical.
We aim to create a more efficient, transparent, and interconnected future.
OKX originally started as a cryptocurrency exchange, providing trading opportunities for millions of users, and has gradually become one of the largest trading platforms in the world. In recent years, we have developed a multi-chain wallet for millions of users to access decentralized applications (dApps).
OKX is a trusted brand for many large institutions that seamlessly connect to the global financial system through a reliable platform to gain access to the cryptocurrency market.
Our most well-known products include: OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain Developer Operating System, OKX Ventures, and OKX Institutional Services. To learn more about OKX, please download our app or visit: okx.com
Disclaimer
This announcement is for informational purposes only and should not be construed as any investment, tax, or legal advice, nor should it be considered an offer to buy, sell, hold, or provide any services related to digital assets. Digital assets, including stablecoins and NFTs, carry high risks and are highly volatile. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide investment or asset advice. You are fully responsible for your investment decisions, and OKX is not liable for any potential losses. Past performance is not indicative of future results. If you have questions about your specific situation, please consult your legal/tax/investment professionals.
