Institutional cryptocurrency custody service provider Hex Trust has recently announced that it has received preliminary approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This landmark achievement enables Hex Trust to further expand its operations in Singapore, offering custodial and over-the-counter services for digital payment tokens. By obtaining this license, Hex Trust is poised to provide more secure and compliant solutions for storing crypto assets to market participants, catering to the growing demand in the market. This move not only strengthens Hex Trust's position in the cryptocurrency space but also contributes to Singapore's development as a global fintech hub.