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OKX SG receives a large-scale payment institution license from the Monetary Authority of Singapore, and Gracie Lin is appointed CEO

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OKX SG obtains a large payment institution license from the Monetary Authority of Singapore and appoints Gracie Lin as CEO.

On September 2, OKX, a leading global cryptocurrency trading platform and Web3 technology company, announced that its local entity, OKX SG Pte. Ltd. (OKX SG), has been granted a Large Payment Institution (MPI) license by 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 provide digital payment tokens and cross-border remittance services to users in Singapore, including spot trading (buying and selling) of cryptocurrencies.

As CEO, Gracie Lin will be responsible for the execution of the company's strategic plans, including the development of digital payment token products and services that meet the needs of Singapore customers.

Gracie Lin has nearly two decades of experience in finance, the public sector, and technology. Prior to joining OKX, she was a member of Grab's management team, responsible for the regional strategy and economics team. Prior to this, she also held various positions at the Monetary Authority of Singapore (MAS) and sovereign wealth fund GIC, accumulating 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 received a master's degree in international and development economics from Yale University.

Singapore is a core market for OKX's global development strategy. The approval of the MPI license and the appointment of Gracie Lin mark an important milestone for OKX in Singapore.

Gracie Lin, CEO of OKX SG, said: "Singapore is a world-class digital asset hub and an important market for OKX. I am excited to be part of the team and will be committed to building our business here. The MPI license is an important step in our journey and we are more committed than ever to providing our clients with access to digital assets and contributing to community and ecosystem development. I look forward to continuing to engage with our partners, clients and the wider community to better serve them."

OKX SG received in-principle approval for the MPI license from MAS in February 2024 and is building a world-class team of experts to support the company's plans to serve local clients in Singapore.

For more information, please visit the official website

For further information, please contact: Media@okx.com

About OKX

OKX is a technology company dedicated to building global blockchain infrastructure to make it more accessible and useful.

We want to create a more efficient, transparent and connected future.

OKX started as a cryptocurrency trading platform, providing trading opportunities to millions of users and gradually became one of the largest trading platforms in the world. In recent years, we have developed a multi-chain wallet for millions of users to access decentralized applications (dApps).

OKX is a brand trusted by many large institutions who gain access to the crypto market through a reliable platform that seamlessly connects the global financial system.

Our most well-known products include: OKX Trading Platform, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain Developer Operating System, OKX Ventures and OKX Institutional Services. To learn more about OKX, please download our app or visit the official website.

Disclaimer

This announcement is for informational purposes only and should not be construed as any investment, tax or legal advice, nor as an offer to buy, sell, hold or provide any digital asset-related services. Digital assets, including stablecoins and NFTs, are highly risky and volatile. You should carefully consider whether trading or holding digital assets is appropriate for you given your financial situation and risk tolerance. OKX does not provide investment or asset advice. You are solely responsible for your investment decisions and OKX is not responsible for any potential losses. Past performance is not an indicator of future results. If you have any questions about your specific situation, please consult your legal/tax/investment professional.