OKX SG's new CEO Gracie published the latest blog "Joining OKX, our license and plans in Singapore", which is as follows:
I am very happy to announce that I have joined OKX SG as CEO. The reason for accepting this challenge is that I believe that crypto technology represents the next generation of cutting-edge innovation. Singapore has played an important role in the adoption of crypto, and I believe that we have the ability to connect Singaporean customers to the on-chain world in a secure and seamless way.
OKX has been in the crypto field for nearly a decade. In recent years, we have continued to expand our footprint and obtained licenses in key locations around the world. We focus on responsible innovation and pursue sustainable growth, while firmly promoting technological progress and protecting user rights.
As an important digital asset center, Singapore is an integral part of our global strategy. The team has been working hard to build a solid foundation here. Today, I am very proud to announce that OKX SG has obtained a major payment institution (MPI) license issued by the Monetary Authority of Singapore (MAS).
This MPI license enables us to provide digital payment tokens and cross-border remittance services, including spot (buy and sell) transactions of cryptocurrencies for Singapore customers. Obtaining the license is a major milestone for us, and we are more committed than ever to providing access to our customers and contributing to the growth of the community and ecosystem.
Born and raised in Singapore, I have always looked for ways to contribute to Singapore. I was fortunate to have had the opportunity to do so in my previous career at MAS, GIC, and Grab. Now, I believe OKX SG is a platform that can contribute even more.
I am very excited about the opportunities ahead and feel honored to lead Singapore's leading digital exchange. With our team's track record, passion and ambition, and active community, I am confident about the future.
This is just the beginning of this exciting journey. We are working hard to realize the vision of OKX SG, and I will share more updates in the future. Stay tuned!