TechFlow news: HashKey Group's over-the-counter (OTC) trading division, HashKey OTC, has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution license, enabling it to offer digital payment token services.
Currently, HashKey OTC operates under a licensing exemption granted by MAS within the prescribed timeframe, serving institutional and accredited investors. Its service offerings include spot trading of nearly 40 digital payment tokens, deposit and withdrawal services, large-volume trades, settlement as fast as T+0, and customer support delivered via voice and instant messaging.
Li Liang, CEO of HashKey OTC, said that obtaining in-principle approval from a globally recognized regulator marks a significant milestone and represents an important step forward in regulatory compliance. The company’s long-term vision is to provide clients with a fully regulated OTC solution that comprehensively supports a wide range of digital payment tokens and fiat currencies.
