Gracie Lin to Lead OKX's Singapore Expansion with Expertise from Grab, MAS, and GIC
OKX SG Pte. Ltd., a subsidiary of the global cryptocurrency exchange OKX, has officially obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore (MAS). This milestone enables OKX SG to provide:
- Digital payment token services
- Cross-border money transfers
- Spot trading of cryptocurrencies for Singapore-based users
👉 Discover how OKX is reshaping crypto services in Singapore
Leadership Appointment: Gracie Lin as CEO
OKX SG has named Gracie Lin, a seasoned executive with nearly two decades of experience in finance and regulation, as its new CEO. Lin’s background includes:
- Deputy Director and Head of Money Markets at MAS
- Managing Director at Grab
- Vice President at GIC (Singapore’s sovereign wealth fund)
Lin holds degrees from the University of Chicago and Yale University.
"Singapore is a world-class digital asset hub. The MPI license is a pivotal step in our mission to democratize access to digital assets while contributing to the local ecosystem," said Lin.
Strategic Growth and Market Position
- Regulatory Milestone: OKX SG received in-principle approval for the MPI license in February 2024 and is now scaling its team to serve Singaporean customers.
- Market Dominance: Ranked as the fifth-largest centralized exchange by trading volume in Q2 2024 (CoinGecko), OKX processed over $257 billion in trades.
- Ecosystem Development: OKX Ventures partnered with the Aptos Foundation in August 2024 to support blockchain innovation.
FAQs
1. What services does OKX SG’s MPI license cover?
The license permits digital payment token transactions, cross-border transfers, and crypto spot trading in Singapore.
2. Why is Gracie Lin’s appointment significant?
Lin’s regulatory (MAS) and corporate (Grab, GIC) expertise bridges compliance and fintech growth, aligning with OKX’s Singapore strategy.
3. How does OKX rank among global exchanges?
OKX consistently ranks top 5 by trading volume, maintaining a 7%+ market share in 2024 (CoinGecko).
4. What’s next for OKX SG?
The company is expanding its local team and infrastructure to enhance user services under MAS regulations.
👉 Explore OKX’s licensed crypto offerings
Keywords
- OKX Singapore
- MPI license
- Gracie Lin
- Crypto exchange
- MAS regulation
- Digital payment tokens
- Aptos Foundation
- Trading volume
Note: All hyperlinks except OKX’s official site have been removed for compliance.