Crypto exchange OKX named former regulator Gracie Lin as CEO of its Singapore business in a statement on Monday.

Lin previously held positions at Monetary Authority of Singapore as well as at Grab and GIC.

The digital-asset firm’s Singapore unit OKX SG also received a Major Payment Institution licence from MAS that allows the entity to offer digital payment token services including spot trading, according to the statement.

Lin will focus on compliance and product enhancements initially, she said in an interview with Bloomberg News.

“We’re gonna have more tokens,” 42-year-old Lin said, adding that the company is seeking the central bank’s approval to enlarge a list of more than 50 tokens that are currently available for trading on the platform. OKX will also offer on-and-off-ramp services between the Singapore dollar and cryptocurrencies through its platform, she said.

The company is one of the crypto sector’s largest global players, having eaten into market-leader Binance’s share of bitcoin trading outside of the US over the past year alongside Bybit, another digital-asset exchange.

OKX has several hundred people based in Singapore focused on areas including product engineering, legal, compliance and human resources, Lin said. In the Asia-Pacific region, OKX also holds a licence in Australia to offer derivatives trading services via a local entity.

  - Bloomberg