XREX Singapore receives MAS major payment institution license in-principle approval

XREX, a Taiwan-based blockchain-enabled financial institution specializing in cross-border payments in emerging markets, announced last Thursday that its Singapore entity has obtained in-principle approval for a major payments institution (MPI) license from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.

Taiwan’s XREX raises $17M in Pre-Series A funding round led by CDIB Capital

XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets.