OKX hires ex-MAS official as Singapore branch CEO

Cryptocurrency exchange OKX has appointed former Monetary Authority of Singapore official Gracie Lin as CEO of its Singapore branch.

Cryptocurrency exchange OKX has hired Gracie Lin as the new CEO of its Singapore branch OKX SG, while the trading platform has secured a major payment institution license to offer services in the region.

OKX said in a press release dated September 2 that the license allows it to offer crypto and cross-border money transfer services, including spot trading of cryptocurrencies for customers in Singapore. As CEO, Lin will oversee the company’s “strategic initiatives, including the development of permissioned digital payment token products and services designed to meet the needs of Singapore customers.”

“Singapore is a world-class digital asset hub and an important market for OKX. I am excited to be part of the team building our presence here.”

Gracie Lin, OKX CEO

Prior to OKX, Lin was part of the management team at Singaporean multinational technology company Grab, heading the regional strategy and economics team. Before that, he held various positions at MAS and sovereign wealth fund GIC.

Regarding the MPI license, Lin noted that OKX is now “more committed than ever” to expanding access to digital assets and contributing to the local community and ecosystem. OKX’s ambitions extend beyond Singapore. Earlier in August, the crypto exchange filed for listing with the Turkish Capital Markets Board, indicating its intention to expand its services in the country.