OKX SG Receives Major Payment Institution License from Monetary Authority of Singapore, Appoints Gracie Lin as CEO
On September 2, OKX, a leading global cryptocurrency exchange and Web3 technology company, announced that its local entity OKX SG Pte. Ltd. (OKX SG) has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as Chief Executive Officer of OKX SG.
The license granted under the Payment Services Act 2019 (PS Act) enables OKX SG to provide digital payment token and cross-border remittance services to Singapore users, including spot trading (buy and sell) of cryptocurrency.
As Chief Executive Officer, Gracie Lin will be responsible for executing the company's strategic initiatives, including developing digital payment token products and services tailored to Singapore customers.
Gracie Lin brings nearly two decades of experience across finance, public sector, and technology. Prior to joining OKX, she served as a member of Grab's management team, leading the Regional Strategy and Economics team. Before that, she held multiple roles at the Monetary Authority of Singapore (MAS) and the sovereign wealth fund GIC, accumulating extensive experience in management, operations, commercial strategy, and financial regulation. She holds a Bachelor's degree in Economics from the University of Chicago and a Master's degree in International and Development Economics from Yale University.
Singapore is a core market in OKX's global development strategy. The approval of the MPI license and the appointment of Gracie Lin mark a significant milestone for OKX in Singapore.
Gracie Lin, CEO of OKX SG, said: "Singapore is a world-class digital assets hub and an important market for OKX. I am thrilled to join the team and committed to building our presence here. The MPI license is an important step on our journey, and we are more committed than ever to providing customers with access to digital assets and contributing to community and ecosystem development. I look forward to continuing to engage with our partners, customers, and the broader community to better serve them."
OKX SG received in-principle approval for its MPI license from MAS in February 2024 and is building a world-class team of experts to support its plans to serve local customers in Singapore.
For more information, please visit okx.com
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About OKX
OKX is a technology company committed to building global blockchain infrastructure to make it more accessible and useful.
We aim to create a future that is more efficient, transparent, and interconnected.
OKX started as a cryptocurrency exchange, providing trading opportunities to millions of users, and gradually grew into one of the world's largest trading platforms. In recent years, we have developed a multi-chain wallet, giving millions of users access to decentralized applications (dApps).
OKX is a trusted brand for numerous major institutions, who connect to the global financial system and gain access to the crypto market through a reliable platform.
Our most well-known products include: OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain Developer OS, OKX Ventures, and OKX Institutional Services. To learn more about OKX, please download our app or visit: okx.com
Disclaimer
This article may contain product-related content that does not apply to your region. This article is only committed to providing general information and does not accept responsibility for any factual errors or omissions contained herein. This article represents only the author's personal views and does not constitute the views of OKX. This article is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets (including stablecoins) involves high risk, may fluctuate significantly, and could even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions about your specific circumstances, please consult your legal/tax/investment professional. The information contained in this article (including market data and statistics, if any) is for general reference only. Although we have taken all reasonable precautions in preparing such data and charts, we do not accept any responsibility for factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in full, or in excerpts of 100 words or less, provided that such use is non-commercial. Any reproduction or distribution of the full article must prominently state: "This article is copyrighted © 2025 OKX, used with permission." Permitted excerpts must cite the article name and include the source, for example "Article name, [author name (if applicable)], © 2025 OKX". Some content may have been generated or assisted by artificial intelligence (AI) tools. Derivative works and other uses of this article are not permitted.
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