OKX Singapore is targeting high-net-worth individuals with a new service that simplifies staking. The offering provides a seamless, compliant bridge to proof-of-stake networks, merging crypto-native yields with traditional finance security standards.
Summary
- OKX Singapore launches On-chain Earn, a regulated staking service for accredited investors.
- The platform supports major tokens including ETH, SOL, APT, and SUI.
- Targeted at high-net-worth individuals seeking secure crypto yield opportunities
According to an announcement shared with crypto.news on August 21, the Singaporean arm of the global crypto exchange has launched an “On-chain Earn” product.
The service provides the city-state’s accredited investors with direct access to staking rewards from major proof-of-stake assets, including Ethereum (ETH), Solana (SOL), Aptos (APT), and Sui (SUI), all through its platform regulated by the Monetary Authority of Singapore.
The move can be seen as strategic, as it directly addresses a key friction point for a valuable demographic, which includes high-net-worth individuals seeking crypto yield but are often deterred by the technical overhead and security concerns of navigating multiple blockchain protocols.
Bridging the gap with institutional-grade security
For a demographic accustomed to the rigorous protections of private banking, security 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 both ISO/IEC 27001:2022 and CSA STAR Level 1 certifications, some of the most respected global benchmarks for information and cloud security.
The exchange said it has partnered with established custody providers from traditional finance, adding a familiar layer of asset protection. This multi-layered approach ensures the staking service is engineered to meet the stringent standards expected by both the MAS and the professional investors it is designed to serve.
According to the statement, the service is exclusively reserved for Singapore’s accredited investors, a classification defined by the MAS. To qualify, an individual must have an annual income of at least S$300,000, net personal assets exceeding S$2 million, or net financial assets surpassing S$1 million.
The onboarding process is streamlined for this target audience; prospective users can verify their status digitally using Singpass and then complete a mandatory risk assessment directly on OKX’s platform. While straightforward, the opt-in process is designed to be straightforward while ensuring full alignment with local regulatory requirements.
Doubling down on Singapore expansion
This launch is not an isolated event but a calculated component of OKX SG’s broader strategy to cement its position in Singapore’s vibrant digital asset hub. The city-state has emerged as a critical Asian node for crypto innovation, hosting 81 exchanges and fostering an ecosystem supported by over 1,600 blockchain patents, according to a recent study by ApeX Protocol.
OKX’s commitment to this market is evident in its expansion over the past year, which includes enhancing Singapore dollar payment rails for smoother fiat transitions, expanding its token roster to over 90 assets relevant to local investors, and integrating Singpass for streamlined identity verification.
