CoinWorld news, OKX Singapore is targeting high-net-worth individuals through a new simplified staking service. This product provides a seamless, compliant bridge to proof-of-stake networks, combining crypto-native yields with traditional financial security standards. According to an announcement shared with crypto.news on August 21 [crypto.news], the Singapore branch of this global cryptocurrency exchange has launched the 'On-chain Earn' product. This service offers eligible investors in Singapore direct access to staking rewards from major proof-of-stake assets, including Ethereum (ETH), Solana (SOL), Aptos (APT), and Sui (SUI), all facilitated through its platform regulated by the Monetary Authority of Singapore. This move can be seen as strategic as it directly addresses key friction points for valuable demographics, including high-net-worth individuals who seek cryptocurrency yields but are often deterred by the technical burden and security concerns of navigating multiple blockchain protocols. Security and regulatory compliance are non-negotiable for groups accustomed to the strict protections of private banking. OKX SG is addressing this issue by anchoring its On-chain Earn product on institutional-grade infrastructure, which possesses ISO/IEC 27001:2022 and CSA STAR Level 1 certifications, one of the most respected global benchmarks in information and cloud security. The exchange stated that it has partnered with established custodial providers in the traditional financial sector to add a layer of familiar asset protection. This multi-layered approach ensures that the design of the staking service meets the stringent standards expected by the MAS and professional investors it aims to serve. The statement noted that the service is exclusively reserved for eligible investors in Singapore, as defined by the MAS. To qualify, individuals must have an annual income of at least S$300,000, net personal assets exceeding S$2 million, or net financial assets exceeding S$1 million. For this target audience, the registration process has been streamlined; potential users can digitally verify their identity using Singpass and then directly complete the mandatory risk assessment on OKX’s platform. While straightforward, the opt-in process is designed to be clear while ensuring full compliance with local regulatory requirements. This launch is not an isolated event but rather a calculated component of OKX SG’s broader strategy to consolidate its position in Singapore's vibrant digital asset hub. According to a recent study by the ApeX Protocol, this city-state has become a significant node in Asia’s cryptocurrency innovation landscape, boasting 81 exchanges and nurturing an ecosystem supported by over 1,600 blockchain patents. OKX's commitment to this market is evident in its expansion over the past year, which includes enhancing SGD payment channels for smoother fiat conversions, expanding its token roster to over 90 assets relevant to local investors, and integrating Singpass to simplify identity verification.

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