Hex Trust, a key partner in the Ozean platform from Clearpool, has received a MPI License from Singapore’s MAS
Author: Chirag Sharma
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.
With the MPI license, Hex Trust can now offer regulated financial services with Clearpool, including:
These services enhance Ozean’s infrastructure, enabling secure, compliant interactions between traditional financial institutions and blockchain technology.
This approval highlights Singapore’s commitment to digital asset regulation, reinforcing its status as a global fintech leader. The MAS has stringent standards for:
By meeting these requirements, Hex Trust has bolstered investor confidence and strengthened institutional adoption of blockchain solutions.
With this license, regulated cross-border transactions and DPT services could:
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.
MiW highlighted how tough it is to get this license
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