According to official news, crypto custodian Hex Trust has announced that it has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). The license, which was issued on March 1, 2025, authorizes Hex Trust to provide regulated cross-border money transfer services and digital payment token (DPT) services. With this license, Hex Trust can now provide a fully integrated solution including custody, over the counter (OTC) and settlement, while covering fiat deposits and withdrawals. Previously, Hex Trust received approval in principle (IPA) for its MPI license in July 2024.