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HashKey OTC receives in-principle approval for major payment institution license from Monetary Authority of Singapore

HashKey OTC, the over-the-counter trading department of HashKey Group, has received principle approval for its main payment institution license application from the Monetary Authority of Singapore, supporting digital payment token services. Currently, HashKey OTC operates under a license exemption for providing digital payment token services within the stipulated period, providing services to institutions and qualified investors, including spot trading for nearly 40 digital payment tokens, deposit and withdrawal services, large-scale transactions, the fastest T+0 settlement, and customer service provided through voice and instant messaging. Li Liang, CEO of HashKey OTC, said that obtaining principle approval from a globally renowned regulatory agency is a significant achievement, marking an important step for them in regulatory compliance. Their long-term vision is to provide customers with a regulated over-the-counter trading solution that fully supports various digital payment tokens and fiat currencies.


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