Joining OKX: Our License and Plans in Singapore

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A message from OKX Singapore CEO Gracie Lin

I'm thrilled to share that I've joined OKX Singapore as CEO. This role represents more than a career milestone—it’s an opportunity to shape the future of digital finance in one of the world’s most dynamic fintech ecosystems. I believe cryptocurrency is not just a financial innovation but a transformative force that can redefine how people access and manage value. And Singapore, with its forward-thinking regulatory environment and deep talent pool, is poised to lead this next wave of adoption.

OKX has been at the forefront of the crypto industry for nearly a decade. Over the years, we’ve expanded our global presence, securing licenses and building trusted partnerships across key markets. Our guiding principle—responsible innovation for sustainable growth—reflects our commitment to advancing blockchain technology while prioritizing security, compliance, and user protection.

👉 Discover how OKX is shaping the future of digital finance in Asia.

A Strategic Milestone: Securing the MPI License

As a recognized digital asset hub, Singapore plays a central role in our global strategy. Today, I’m proud to announce that OKX Singapore has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS)—a significant achievement that underscores our compliance rigor and long-term commitment to the region.

The MPI license permits OKX SG to offer digital payment token services, including spot trading (buying and selling cryptocurrencies) and cross-border money transfer solutions, to customers in Singapore. This regulatory approval is not just a box checked—it's a foundation for trust, scalability, and responsible expansion.

For users, this means access to a secure, regulated platform where they can confidently engage with the onchain economy. For the broader ecosystem, it signals continued confidence in Singapore’s ability to balance innovation with oversight.

Building on a Strong Foundation

The journey to this milestone didn’t happen overnight. Our team has worked diligently to align with MAS’s stringent requirements, investing in robust anti-money laundering (AML) frameworks, cybersecurity protocols, and customer due diligence systems. These aren’t just compliance checkboxes—they’re core components of a trustworthy digital asset platform.

We believe that regulation and innovation aren’t opposing forces. When thoughtfully implemented, regulation fosters trust, encourages mainstream adoption, and creates space for sustainable growth. The MPI license empowers us to serve Singaporeans with greater transparency and accountability—two values that are non-negotiable in today’s digital economy.

Why Singapore? Why Now?

Singapore has long been a beacon for fintech innovation. Its clear regulatory frameworks, political stability, and tech-savvy population make it an ideal launchpad for next-generation financial services. But beyond infrastructure, what truly sets Singapore apart is its vision—a nation actively building bridges between traditional finance and decentralized technologies.

As someone born and raised here, I’ve always sought ways to contribute meaningfully to our society. My previous experiences at MAS, GIC, and Grab gave me unique insights into policy, investment, and digital transformation—all of which converge in this new chapter. Leading OKX SG allows me to combine these perspectives to drive real impact at scale.

The demand for digital assets in Southeast Asia is growing rapidly. From retail investors exploring crypto for the first time to institutions integrating blockchain into their operations, the ecosystem is maturing quickly. With our global expertise and local insight, OKX is uniquely positioned to meet this demand responsibly.

👉 See how OKX combines global expertise with local insight to empower users.

Our Vision for the Future

This is just the beginning. Our goal is clear: to become Singapore’s leading digital payment token exchange—a platform where security, usability, and innovation come together seamlessly.

We’re focused on three key areas:

  1. User-Centric Product Development: Enhancing trading tools, improving user experience, and expanding support for emerging blockchain use cases.
  2. Community Engagement: Educating users about safe crypto practices, supporting local startups, and fostering open dialogue with regulators and stakeholders.
  3. Ecosystem Growth: Partnering with developers, enterprises, and institutions to build real-world applications that leverage blockchain’s full potential.

We know trust is earned over time. That’s why we’re committed to transparency—not only in our operations but in how we communicate with our users.

Frequently Asked Questions

Q: What does the MPI license allow OKX Singapore to do?
A: The MPI license from MAS permits OKX SG to provide digital payment token services, including spot trading of cryptocurrencies (buy/sell) and cross-border money transfer services for users in Singapore.

Q: Is OKX safe and regulated?
A: Yes. OKX operates under strict regulatory frameworks globally. In Singapore, we are licensed by MAS as a Major Payment Institution, ensuring compliance with anti-money laundering, cybersecurity, and consumer protection standards.

Q: Can all Singapore residents use OKX?
A: While OKX SG aims to serve a broad audience, access may depend on individual eligibility criteria set by regulators. Users should review current guidelines on the official platform.

Q: Does OKX offer investment advice?
A: No. OKX does not provide financial, legal, tax, or investment advice. Cryptocurrencies are high-risk assets subject to volatility. Users should conduct their own research and consult professionals before making decisions.

Q: How does OKX ensure user security?
A: We employ advanced encryption, multi-factor authentication, cold wallet storage, and regular third-party audits to protect user funds and data.

Q: What are OKX’s plans for community development in Singapore?
A: We plan to launch educational initiatives, support local blockchain projects, and collaborate with industry partners to promote responsible innovation in the digital asset space.

👉 Learn more about OKX’s security measures and user protections.

Looking Ahead

The road ahead is full of opportunity. With our team’s track record, passion, and ambition—and backed by a supportive community—we’re optimistic about what we can achieve together.

This isn’t just about building a platform; it’s about empowering individuals to take control of their financial futures in a digital world. We’re committed to doing so responsibly, transparently, and sustainably.

Stay tuned for more updates as we bring the vision of OKX Singapore to life.

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