OKX Singapore is focusing on high-net-worth people with a brand new service that simplifies staking. The providing gives a seamless, compliant bridge to proof-of-stake networks, merging crypto-native yields with conventional finance safety requirements.
Abstract
- OKX Singapore launches On-chain Earn, a regulated staking service for accredited traders.
- The platform helps main tokens together with ETH, SOL, APT, and SUI.
- Focused at high-net-worth people looking for safe crypto yield alternatives
Based on an announcement shared with crypto.information on August 21, the Singaporean arm of the worldwide crypto trade has launched an “On-chain Earn” product.
The service gives the city-state’s accredited traders with direct entry to staking rewards from main proof-of-stake property, together with Ethereum (ETH), Solana (SOL), Aptos (APT), and Sui (SUI), all by way of its platform regulated by the Financial Authority of Singapore.
The transfer will be seen as strategic, because it straight addresses a key friction level for a helpful demographic, which incorporates high-net-worth people looking for crypto yield however are sometimes deterred by the technical overhead and safety considerations of navigating a number of blockchain protocols.
Bridging the hole with institutional-grade safety
For a demographic accustomed to the rigorous protections of personal banking, safety and regulatory compliance are non-negotiable. OKX SG is addressing this by anchoring its On-chain Earn product on an institutional-grade infrastructure that holds each ISO/IEC 27001:2022 and CSA STAR Stage 1 certifications, among the most revered world benchmarks for info and cloud safety.
The trade stated it has partnered with established custody suppliers from conventional finance, including a well-known layer of asset safety. This multi-layered method ensures the staking service is engineered to fulfill the stringent requirements anticipated by each the MAS and the skilled traders it’s designed to serve.
Based on the assertion, the service is completely reserved for Singapore’s accredited traders, a classification outlined by the MAS. To qualify, a person will need to have an annual revenue of not less than S$300,000, internet private property exceeding S$2 million, or internet monetary property surpassing S$1 million.
The onboarding course of is streamlined for this audience; potential customers can confirm their standing digitally utilizing Singpass after which full a compulsory threat evaluation straight on OKX’s platform. Whereas simple, the opt-in course of is designed to be simple whereas making certain full alignment with native regulatory necessities.
Doubling down on Singapore enlargement
This launch is just not an remoted occasion however a calculated element of OKX SG’s broader technique to cement its place in Singapore’s vibrant digital asset hub. The town-state has emerged as a vital Asian node for crypto innovation, internet hosting 81 exchanges and fostering an ecosystem supported by over 1,600 blockchain patents, based on a current research by ApeX Protocol.
OKX’s dedication to this market is obvious in its enlargement over the previous 12 months, which incorporates enhancing Singapore greenback fee rails for smoother fiat transitions, increasing its token roster to over 90 property related to native traders, and integrating Singpass for streamlined identification verification.
