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

According to official news, HashKey Technology Services Pte. Ltd. (HashKey OTC), the over-the-counter trading arm of the HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its major payment institution license application to provide digital payment token services. HashKey OTC currently operates under a license exemption for providing digital payment token services within a specified period, providing services to institutions and qualified investors. Its business scope includes supporting spot transactions, entry and exit of nearly 40 digital payment tokens with strong liquidity. Deposit services, large-value transactions, the fastest T+0 settlement, and customer service via voice and instant messaging.