In an evolving digital economy, strategic expansion and responsible innovation are key to long-term success. For OKX, Singapore represents more than just a market—it's a cornerstone of our global vision. Today, we mark a pivotal moment in our journey with two significant milestones: securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and appointing Gracie Lin as our new CEO for Singapore.
These developments underscore our deep commitment to building locally and building responsibly—two core principles that guide our global strategy. As we strengthen our presence in the Lion City, we’re not just launching products; we’re investing in infrastructure, talent, and community-driven innovation.
Achieving Regulatory Milestones: The MPI License
Following in-principle approval earlier in the year, we’re proud to announce that OKX has officially received an MPI license from the MAS. This authorization is a testament to our adherence to rigorous regulatory standards and reinforces our position as a trusted player in Singapore’s financial ecosystem.
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The MPI license enables us to offer secure and compliant digital payment token services, including crypto-to-fiat transactions, custodial solutions, and fund transfers. But beyond regulatory compliance, this milestone reflects something deeper: our long-term dedication to operating with transparency, accountability, and user protection at the forefront.
Singapore has consistently demonstrated leadership in fostering a balanced, innovation-friendly regulatory environment. By aligning with MAS guidelines, we’re able to deliver services that bridge traditional finance (TradFi) and decentralized ecosystems—offering users seamless, secure, and regulated access to digital assets.
Local Leadership for Local Impact: Welcoming Gracie Lin
Growth isn’t just about permissions—it’s about people. That’s why we’re thrilled to welcome Gracie Lin as the new CEO of OKX Singapore. With a distinguished background spanning public policy, capital markets, investment management, and tech innovation, Gracie brings a rare blend of strategic insight and local expertise.
Her appointment reflects our belief that sustainable growth starts with empowering local leaders who understand the cultural, economic, and regulatory nuances of their markets. Gracie will lead our regional strategy, oversee product development tailored to Singaporean users, and deepen partnerships across government, fintech, and financial institutions.
We’ve seen the power of local leadership across our global network—from Europe to Latin America—and now, with Gracie at the helm, we’re poised to accelerate responsible innovation in Southeast Asia.
Enhancing the User Experience: Product Upgrades Ahead
Regulation and leadership set the foundation—but value is delivered through products. We’ve already launched buy, sell, and convert trading functionalities for Singapore users, fully compliant with local rules. Now, we’re working on the next phase: seamless integration with local bank accounts.
This upcoming upgrade will allow users to deposit and withdraw funds directly via local banking channels, significantly improving accessibility and convenience. No more third-party intermediaries. No complex verification loops. Just fast, secure, and regulated transactions—designed with the everyday user in mind.
Our product roadmap doesn’t stop there. We’re actively exploring additional features such as recurring purchases, enhanced security protocols, and educational tools to help users make informed decisions in a fast-moving digital asset landscape.
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Building Locally: A Global Strategy Rooted in Community
At OKX, we believe true innovation doesn’t come from headquarters—it emerges from the ground up. Over the past several years, we’ve invested heavily in building local teams across key regions including Europe, the Middle East, the Americas, and Asia-Pacific.
Why? Because if we’re not close to real users—listening to their needs, understanding their challenges—we risk becoming irrelevant. Crypto’s power has always been grassroots. To serve it well, we must be embedded within it.
Our regional CEOs—from Berlin to Buenos Aires—operate with autonomy and accountability, ensuring that global strategy meets local reality. This decentralized leadership model allows us to move quickly, adapt nimbly, and remain deeply connected to the communities we serve.
Gracie’s appointment continues this tradition—strengthening our leadership bench and reinforcing our promise to build with communities, not just for them.
Building Responsibly: Trust Through Compliance
“Build responsibly” isn’t just a slogan—it’s a framework for sustainable growth in an increasingly regulated world.
This means proactively engaging with regulators, implementing robust KYC and AML procedures, investing in cybersecurity, and designing products that prioritize user safety without sacrificing usability. It also means being transparent about risks—because empowering users starts with honest conversations.
Our recent establishment of a MiCA (Markets in Crypto-Assets) Hub in Malta exemplifies this approach. By preparing early for EU-wide regulations, we’re positioning ourselves to serve hundreds of millions of European users under a unified, compliant framework.
Similarly, our MPI license in Singapore isn’t just a checkbox—it’s part of a broader commitment to becoming a long-term institutional-grade partner in digital finance.
Frequently Asked Questions (FAQ)
Q: What is an MPI license and why does it matter?
A: An MPI (Major Payment Institution) license is issued by the Monetary Authority of Singapore (MAS) to companies providing digital payment token services. It ensures compliance with strict anti-money laundering (AML), cybersecurity, and consumer protection standards—giving users confidence in the platform’s legitimacy and security.
Q: Is OKX available to all users in Singapore?
A: Yes, OKX offers regulated crypto trading services to retail and institutional users in Singapore who meet applicable Know-Your-Customer (KYC) requirements.
Q: What products will OKX offer under the MPI license?
A: Services include buying, selling, converting digital payment tokens (DPTs), and soon—direct bank integrations for deposits and withdrawals.
Q: How does OKX ensure user funds are safe?
A: We employ multi-layered security protocols including cold storage wallets, insurance coverage for assets, real-time monitoring systems, and regular audits to protect user funds.
Q: Will OKX expand beyond trading services in Singapore?
A: Yes—our long-term vision includes contributing to talent development, supporting fintech innovation, and collaborating with regulators on shaping responsible digital asset policies.
Q: How can I stay updated on OKX’s developments in Singapore?
A: Follow official OKX channels for announcements on product launches, regulatory updates, and community initiatives across Asia-Pacific.
Looking Ahead: A Decade of Innovation and Beyond
As we approach our tenth year in the crypto industry, we’re proud of how far we’ve come—but even more excited about what lies ahead. Our journey in Singapore is not just about market entry; it’s about meaningful contribution.
We envision a future where digital assets are accessible, secure, and integrated into everyday financial life—where innovation serves people, not just profits. By building locally with trusted leaders like Gracie Lin and building responsibly through regulation and compliance, we’re laying the groundwork for that future.
Singapore will continue to be a strategic hub for OKX in Asia. And as we expand our footprint here—and across other regulated markets—we remain focused on one goal: empowering users through responsible innovation.
Stay tuned for more updates from Singapore and beyond in 2025 and the years to come.
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