HashKey OTC gets Singapore license to offer DPT services

It previously operated under an exemption.

HashKey Technology Services (Hashkey OTC) has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS).

With this, HashKey OTC– the over-the-counter trading arm of HashKey Group, a digital investment company–now provides regulated digital payment token (DPT) services in Singapore.

"With the Major Payment Institution licence granted by MAS, HashKey OTC is now poised to offer comprehensive and regulated OTC trading solutions for DPT," said Li Liang, CEO of HashKey OTC.

HashKey OTC had previously been operating under an exemption from holding a licence under the Payment Services Act 2019 for the provision of DPT services.

It also floated plans to enhance its offerings.