SG Digest: Crypto bourse OKX gets MPI licence in SG; Kenanga Group picks stake in Helicap

SG Digest: Crypto bourse OKX gets MPI licence in SG; Kenanga Group picks stake in Helicap

FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

OKX, a global crypto exchange and Web 3 company, announced that its Singapore entity, OLX SG Pte. Ltd., has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). In separate news, Kenanga Group, through its asset and wealth management arm, Kenanga Investors Berhad, has taken an 8% stake in Helicap, a Singapore-based fintech platform, as part of Helicap’s Series B funding round.

Edited by: Pramod Mathew