Singapore has solidified its position as a global fintech and digital asset hub with the recent announcement that OKX SG Pte. Ltd. (OKX SG) has officially been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This regulatory milestone marks a significant advancement in OKX’s strategic expansion across Asia and reinforces its commitment to compliant, secure, and innovative digital financial services.
Alongside the licensing achievement, OKX has appointed Gracie Lin as the Chief Executive Officer of OKX SG — a move that underscores the company’s focus on building a locally rooted, globally connected leadership team with deep expertise in finance, regulation, and technology.
👉 Discover how OKX is shaping the future of regulated digital asset platforms in Asia.
What the MPI License Means for Singapore Users
Under Singapore’s Payment Services Act 2019, the MPI license allows licensed entities to offer a wide range of payment services, including:
- Digital payment token (DPT) services — enabling cryptocurrency spot trading (buying and selling)
- Cross-border money transfer services
With this license, OKX SG can now legally provide these services to retail and institutional customers in Singapore, ensuring full compliance with local anti-money laundering (AML), counter-terrorism financing (CTF), and consumer protection regulations.
This isn’t just a win for OKX — it’s a signal to the broader Web3 ecosystem that regulated, user-centric crypto platforms are not only possible but thriving in one of the world’s most sophisticated financial markets.
Leadership with Local Insight: Gracie Lin Takes the Helm
Gracie Lin brings nearly two decades of experience at the intersection of finance, public policy, and technology — making her uniquely qualified to lead OKX SG through its next phase of growth.
Prior to joining OKX, Gracie served as a key member of Grab’s management team, where she led regional strategy and economic initiatives. Her earlier career includes senior roles at both the Monetary Authority of Singapore (MAS) and GIC, Singapore’s sovereign wealth fund — giving her an insider’s understanding of financial regulation, macroeconomic policy, and institutional investing.
She holds a Bachelor of Arts in Economics from the University of Chicago and a Master of Arts in International and Development Economics from Yale University.
As CEO, Lin will oversee strategic planning, product development tailored to Singaporean users, and partnerships within the local fintech and blockchain ecosystem. Her appointment reflects OKX’s long-term vision: to embed itself within Singapore’s financial infrastructure while maintaining global reach.
“Singapore is a world-class digital asset hub and a key market for OKX. I’m excited to join the team and help build our presence here. The MPI license is a critical step forward — we’re more committed than ever to giving users access to digital assets and contributing to the growth of the local ecosystem. I look forward to engaging with our partners, customers, and the wider community.”
— Gracie Lin, CEO of OKX SG
A Strategic Milestone in OKX’s Global Expansion
Singapore has long been a cornerstone of OKX’s international strategy. The country’s clear regulatory framework, strong rule of law, and innovation-friendly policies make it an ideal base for expanding into Southeast Asia and beyond.
OKX SG first received in-principle approval for the MPI license in February 2024 — a signal of MAS’s confidence in the platform’s compliance readiness. Since then, OKX has been assembling a world-class team of local experts in legal, risk, engineering, and customer experience to serve Singaporean users effectively.
This full license issuance confirms that OKX meets all regulatory requirements — from capital adequacy to cybersecurity standards — positioning it among the most trusted digital asset platforms operating in the region.
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Building Trust Through Regulation: Why Compliance Matters
In an industry often marked by volatility and uncertainty, regulatory clarity is essential for mainstream adoption. The MAS MPI license serves as a seal of trust — assuring users that OKX SG operates under rigorous oversight.
Key benefits of regulated operation include:
- Enhanced customer fund protection
- Transparent transaction monitoring
- Stronger cybersecurity protocols
- Clear dispute resolution mechanisms
For retail investors and institutions alike, choosing a licensed provider reduces risk and increases confidence in digital asset participation.
Moreover, this development aligns with MAS’s broader goal of fostering a responsible innovation environment — where blockchain technology can flourish without compromising financial stability.
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Frequently Asked Questions (FAQ)
What is a Major Payment Institution (MPI) license in Singapore?
The MPI license is issued by the Monetary Authority of Singapore under the Payment Services Act 2019. It allows companies to provide digital payment token services, including cryptocurrency trading, with higher transaction limits and greater operational scope than standard licenses.
Does OKX SG’s license allow retail crypto trading?
Yes. With the MPI license, OKX SG can offer spot trading of digital payment tokens (such as Bitcoin and Ethereum) to both retail and institutional clients in Singapore, provided they comply with all KYC, AML, and risk disclosure requirements.
Who is Gracie Lin?
Gracie Lin is the newly appointed CEO of OKX SG. She has extensive experience in finance and tech leadership roles at Grab, MAS, and GIC. She holds degrees from the University of Chicago and Yale University.
Is OKX available to users outside Singapore?
Yes. While OKX SG serves Singapore-based users under MAS regulation, OKX operates globally through other licensed entities, including in Dubai (with a VASP license) and other compliant jurisdictions.
How does the MPI license benefit users?
Users benefit from enhanced security, regulatory oversight, fund safeguards, and access to a wider range of compliant financial products. It also means clearer dispute resolution processes and greater transparency.
Is this article promotional?
This article is based on official announcements from OKX but has been rewritten for informational purposes only. It does not constitute financial advice or endorsement. Always conduct independent research before engaging with any financial service.
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The Road Ahead: Innovation Meets Regulation
With full licensing secured and experienced leadership in place, OKX SG is poised to become a major player in Singapore’s digital economy. The company plans to expand its product suite with localized features, deepen partnerships with banks and fintech firms, and support blockchain innovation through developer programs and ecosystem grants.
As global regulators continue to shape the future of crypto, Singapore stands out as a model of balanced oversight — encouraging innovation while protecting consumers. OKX’s success here demonstrates how forward-thinking companies can thrive within such frameworks.
The journey toward mass Web3 adoption requires more than just technology — it demands trust, transparency, and compliance. With its MAS MPI license and Gracie Lin at the helm, OKX SG is building that foundation one step at a time.