OKX, a leading global crypto exchange and Web3 technology company, today announced that its local entity, OKX SG Pte. Ltd. (OKX SG), received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), and appointed Gracie Lin as CEO of OKX SG.
The license granted under the Payment Services Act 2019 (PS Act) allows OKX SG to offer digital payment token and cross-border money transfer services, including spot (buy and sell) trading of cryptocurrencies for customers in Singapore.
In her role as CEO, Lin will oversee the company’s strategic initiatives, including the development of permitted digital payment token products and services designed to meet the needs of Singapore customers.
Lin brings nearly two decades of experience across the financial, public and technology sectors to OKX SG. Prior to joining OKX, she was part of the management team at Grab, heading the Regional Strategy & Economics team. Before that, she held various positions at MAS and the sovereign wealth fund GIC, giving her extensive experience in management, operations, business strategy, and financial regulation. She graduated from the University of Chicago with a Bachelor’s degree in Economics and Yale University with a Master’s degree in International & Development Economics.
The MPI license approval and the appointment of Lin mark significant milestones for OKX in Singapore, which is a core market for OKX’s global development strategy.
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