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 and authorizes Hex Trust to provide regulated cross-border remittance services and digital payment tokens (DPTs) services. With this license, Hex Trust now offers fully integrated solutions including custody, over-the-counter trading (OTC) and settlement, while covering deposit and withdrawal services for fiat currency. Previously, Hex Trust obtained Principle Approval (IPA) for the MPI License in July 2024.