Hex Trust Secures Payment Institution License, Boosting Clearpool Ecosystem

Hex Trust Secures Major Payment Institution License – Hex Trust, a key partner in the Ozean platform from Clearpool , has received a Major Payment Institution (MPI) License from Singapore’s Monetary Authority (MAS). Announced via social media by Clearpool, this milestone strengthens Ozean’s role in bridging traditional finance (TradFi) with digital assets.

What This Means for Ozean’s Ecosystem

With the MPI license, Hex Trust can now offer regulated financial services with Clearpool, including:

• Cross-border money transfers
• Digital Payment Token (DPT) services
• Over-the-counter (OTC) trading and settlement
• Fiat on/off ramps

These services enhance Ozean’s infrastructure, enabling secure, compliant interactions between traditional financial institutions and blockchain technology.

Singapore’s Role as a Fintech Hub

This approval highlights Singapore’s commitment to digital asset regulation, reinforcing its status as a global fintech leader. The MAS has stringent standards for:

• Capital adequacy
• Risk management
• Anti-money laundering compliance

By meeting these requirements, Hex Trust has bolstered investor confidence and strengthened institutional adoption of blockchain solutions.

Broader Implications for Digital Asset Finance

With this license, regulated cross-border transactions and DPT services could:

• Lower costs for international payments
• Increase efficiency in digital asset transactions
• Expand financial inclusion for businesses and consumers

For Singapore, it fosters economic growth and job creation while reinforcing its reputation as a blockchain-friendly financial hub.

As Ozean leverages this regulatory milestone, it paves the way for seamless TradFi and digital asset integration. This marks a turning point in how financial services evolve alongside blockchain technology.