Asia Tech Wire (Sep 2) -- The Singapore branch of cryptocurrency exchange OKX has received the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

The company can next offer digital payment tokens and cross-border transfer services, including spot trading of cryptocurrencies, to its Singaporean clients.

OKX Singapore also announced the appointment of Gracie Lin as CEO, who will oversee the company's strategic development, including the development of digital payment token products and services to meet the needs of Singaporean customers.

Lin has nearly 20 years of experience working in the financial, public and technology sectors.

Prior to joining OKX, she was part of Grab's leadership team, leading the regional strategy and economics team.

Earlier, Lin worked at the MAS and the Government of Singapore Investment Corporation (GIC).