Crypto exchange Blockchain.com has been granted a payments license from Singapore’s central bank — the Monetary Authority of Singapore (MAS).

Blockchain.com announced on Aug. 7 it received its major payment institution (MPI) from MAS on Aug. 1 allowing it to provide what the regulator calls digital payment token services to institutional and accredited investors.

The exchange’s full license comes after it received in-principal approval from the bank in September last year.

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With its license approved, Blockchain.com is the twelfth digital payment token service provider in the country and joins other providers including Circle, Independent Reserve, Paxos, Revolut and DBS Vickers.

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This is a developing story, and further information will be added as it becomes available.