Paxos Secures Major Payments Institution License from Monetary Authority of Singapore
Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the license as a Major Payments Institution.