According to Aiying, HashKey Technology Services Pte. Ltd. (HashKey OTC), the over-the-counter trading arm of HashKey Group, has received in-principle approval from the Monetary Authority of Singapore for its application for a major payment institution license to provide digital payment token services.
HashKey OTC currently operates under a license exemption for providing digital payment token services within a prescribed period, providing services to institutions and qualified investors. Its business scope includes supporting spot trading of nearly 40 digital payment tokens with strong liquidity, deposit and withdrawal services, large-value transactions, the fastest T+0 settlement, and customer service provided through voice and instant messaging.