--- title: "Sfox PTE. LTD. · Major Payment Institution (MAS) · Singapore | Elucidate" description: "Sfox PTE. LTD. is authorised by Monetary Authority of Singapore (MAS) as a major payment institution in Singapore. LEI 549300H26GM4JKXOMJ43. Register status, licences, activities and ownership." url: https://elucidate.co/directory/sfox-pte-ltd-aded629f9030 --- 1. [Directory](https://elucidate.co/directory) 2. [Singapore](https://elucidate.co/directory/country/sg) 3. Sfox PTE. LTD. Singapore · Payments & e-money # Sfox PTE. LTD. SFOX Pte. Ltd. is a Singapore-incorporated company in the sFOX group of crypto-asset firms. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act for digital payment token and cross-border money transfer services. Its LEI record names Ox Labs Inc. of the United States as its direct and ultimate parent. It serves Singapore-resident clients of the sFOX institutional crypto-asset trading platform and holds their digital payment tokens in trust with its Wyoming affiliate SAFE Trust Company. Register status Licensed in Singapore Major Payment Institution · Monetary Authority of Singapore (MAS) Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#licences) BIC **No BIC** LEI **[549300H26GM4JKXOMJ43](https://search.gleif.org/#/record/549300H26GM4JKXOMJ43)** [Licence no. **Not published by the register**](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#licences) [Group: Ox Labs Inc.](https://elucidate.co/directory/group/5493001YCPG035ENOC21) ## Licences and registrations Held by Sfox PTE. LTD. (LEI 549300H26GM4JKXOMJ43). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [MAS Financial Institutions Directory - Major Payment Institution](https://elucidate.co/directory/register/mas-mpi) Monetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | [Singapore](https://elucidate.co/directory/country/sg) | Active | — | — | - Money remittance - Payment services - Crypto-assets | [Search the register ↗](https://eservices.mas.gov.sg/fid) | - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) Customers 2,000 customers · Group · 7 May 2026 · [company statement ↗](https://www.sfox.com/announcement/sfox-pte-ltd-granted-major-payment-institution-license-by-monetary-authority-of-singapore/) Employees Not published Ownership Group subsidiary Ox Labs Inc. Firm type Crypto exchange or broker Trades as sFOX - **Standing:** On 7 May 2026 the firm announced that the Monetary Authority of Singapore (MAS) had granted it a major payment institution licence. MAS had given in-principle approval in March 2025. - **Ownership:** Ox Labs Inc. of the United States is the direct and ultimate parent of the firm, according to the parent relationship the firm reports in its LEI record. - **Direct parent:** [Ox Labs Inc. ↗](https://search.gleif.org/#/record/5493001YCPG035ENOC21), United States - **Head office:** 1 Coleman Street #08-09A, The Adelphi, 179803 Singapore, Singapore - **Founder:** Akbar Thobani ### Online - **Websites & references:** [sfox.com ↗](https://www.sfox.com/) [trade.sfox.com ↗](https://trade.sfox.com/) trading platform login and account opening [docs.sfox.com ↗](https://docs.sfox.com/) developer API documentation [help.sfox.com ↗](https://help.sfox.com/en/) help centre - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/sfox/) · [X ↗](https://x.com/SFox) · [YouTube ↗](https://www.youtube.com/@sfoxtrading) - **App:** [App Store ↗](https://apps.apple.com/us/app/sfox/id1583801613) Sources · 12 pages consulted 1. [eservices.mas.gov.sg/fid/institution/detail/433728-SFOX-PTE-LTD](https://eservices.mas.gov.sg/fid/institution/detail/433728-SFOX-PTE-LTD) 2. [sfox.com/](https://www.sfox.com/) 3. [sfox.com/singapore-supplemental-terms-of-service/](https://www.sfox.com/singapore-supplemental-terms-of-service/) 4. [sfox.com/terms/](https://www.sfox.com/terms/) 5. [sfox.com/legal-disclosure/](https://www.sfox.com/legal-disclosure/) 6. [sfox.com/announcement/sfox-pte-ltd-granted-major-payment-institution-license-by-monetary-authority](https://www.sfox.com/announcement/sfox-pte-ltd-granted-major-payment-institution-license-by-monetary-authority-of-singapore/) 7. [sfox.com/announcement/institutional-crypto-horizon-expands-in-singapore-as-sfox-secures-mas-in-pri](https://www.sfox.com/announcement/institutional-crypto-horizon-expands-in-singapore-as-sfox-secures-mas-in-principle-approval/) 8. [sfox.com/company/meet-the-team/](https://www.sfox.com/company/meet-the-team/) 9. [sfox.com/company/contact-us/](https://www.sfox.com/company/contact-us/) 10. [prnewswire.com/news-releases/sfox-names-javier-martinez-ceo-to-lead-next-phase-of-institutional-scale-30](https://www.prnewswire.com/news-releases/sfox-names-javier-martinez-ceo-to-lead-next-phase-of-institutional-scale-302703263.html) 11. [prnewswire.com/news-releases/sfox-strengthens-team-with-key-hires-from-the-payments-crypto-and-instituti](https://www.prnewswire.com/news-releases/sfox-strengthens-team-with-key-hires-from-the-payments-crypto-and-institutional-finance-industries-appointing-fintech-veteran-mark-britto-as-advisor-302577207.html) 12. [mas.gov.sg/investor-alert-list](https://www.mas.gov.sg/investor-alert-list) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) - **Operates under:** Its own licences The Monetary Authority of Singapore licenses the firm as a major payment institution for cross-border money transfer and digital payment token services. MAS does not supervise its unregulated services, such as digital payment token derivatives. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Monetary Authority of Singapore Singapore | Major Payment Institution (Cross-border Money Transfer Service; Digital Payment Token Service) | — | In its own name | Active | [eservices.mas.gov.sg ↗](https://eservices.mas.gov.sg/fid/institution/detail/433728-SFOX-PTE-LTD) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm says it holds client fiat money in designated trust accounts at banks or other licensed financial institutions, segregated from its own funds, and holds client digital payment tokens in trust accounts with its affiliate SAFE Trust Company in Wyoming. [sfox.com ↗](https://www.sfox.com/singapore-supplemental-terms-of-service/) - **Crypto-asset custody:** Held by a third-party custodianThe firm safeguards clients' digital payment tokens in trust accounts, including omnibus accounts, with SAFE Trust Company. SAFE Trust Company is a group affiliate regulated by the Wyoming Division of Banking and holds the tokens outside Singapore. [sfox.com ↗](https://www.sfox.com/singapore-supplemental-terms-of-service/) - **Crypto custodian:** SAFE Trust Company United States [sfox.com ↗](https://www.sfox.com/singapore-supplemental-terms-of-service/) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) - Crypto trading - Crypto custody - Crypto on- and off-ramp The firm buys and sells digital payment tokens as principal for Singapore-resident clients funded in fiat, and safeguards their tokens through its group custodian. Its MAS licence also covers cross-border money transfer services. Under the sFOX terms of service, the firm contracts with clients who are Singapore residents. Other group entities serve clients in the United States and elsewhere. - **Sells to:** Enterprises · Financial institutions - **Serves customers in:** Singapore ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) - **Chief executive:** Javier Martinez Chief Executive Officer (Group Chief Executive Officer of the sFOX Group) Confirmed 29 Sep 2026 · [sfox.com ↗](https://www.sfox.com/company/meet-the-team/) - **Chief financial officer:** David Arnold Chief Financial Officer (sFOX group) Confirmed 29 Sep 2026 · [sfox.com ↗](https://www.sfox.com/company/meet-the-team/) - **Compliance / MLRO:** James Kiernan Chief Compliance Officer and U.S. BSA Officer (sFOX group) Confirmed 29 Sep 2026 · [sfox.com ↗](https://www.sfox.com/company/meet-the-team/) - **Executive:** Alexander William Tzen Angerer Key personnel named on the MAS Financial Institutions Directory Confirmed 29 Sep 2026 · [eservices.mas.gov.sg ↗](https://eservices.mas.gov.sg/fid/institution/detail/433728-SFOX-PTE-LTD) - **Founder:** Akbar Thobani Co-Founder (sFOX group) Confirmed 29 Sep 2026 · [sfox.com ↗](https://www.sfox.com/company/meet-the-team/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/sfox-pte-ltd-aded629f9030#overview-sources) 1. May 2026 Licence The Monetary Authority of Singapore granted the firm a major payment institution licence for digital payment token and cross-border money transfer services. [sfox.com ↗](https://www.sfox.com/announcement/sfox-pte-ltd-granted-major-payment-institution-license-by-monetary-authority-of-singapore/) 2. Mar 2026 Leadership The sFOX group named Javier Martinez chief executive officer, and founder Akbar Thobhani moved to the role of Founder and Visionary. [prnewswire.com ↗](https://www.prnewswire.com/news-releases/sfox-names-javier-martinez-ceo-to-lead-next-phase-of-institutional-scale-302703263.html) 3. Oct 2025 Leadership The sFOX group appointed David Arnold as chief financial officer and Javier Martinez as chief compliance and legal officer. [prnewswire.com ↗](https://www.prnewswire.com/news-releases/sfox-strengthens-team-with-key-hires-from-the-payments-crypto-and-institutional-finance-industries-appointing-fintech-veteran-mark-britto-as-advisor-302577207.html) 4. Mar 2025 Licence The Monetary Authority of Singapore gave the firm in-principle approval for a major payment institution licence. [sfox.com ↗](https://www.sfox.com/announcement/institutional-crypto-horizon-expands-in-singapore-as-sfox-secures-mas-in-principle-approval/) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [549300H26GM4JKXOMJ43 ↗](https://search.gleif.org/#/record/549300H26GM4JKXOMJ43) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** aded629f9030 ## Profile - **Type:** Payments & e-money · Crypto - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Money remittance - Payment services - Crypto-assets - **Licensed in:** [Singapore](https://elucidate.co/directory/country/sg) · East Asia & Pacific - **First registered:** Not published - **Website:** [www.sfox.com ↗](https://www.sfox.com/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Ox Labs Inc. · United States[5493001YCPG035ENOC21 ↗](https://search.gleif.org/#/record/5493001YCPG035ENOC21) The Ox Labs Inc. group has 2 institutions in the directory, in 2 countries: none holds a BIC. Including [sFOX Services, Inc.](https://elucidate.co/directory/sfox-services-inc-deda933904e6). [See the Ox Labs Inc. group →](https://elucidate.co/directory/group/5493001YCPG035ENOC21) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** 1 COLEMAN STREET #08-09A, THE ADELPHI 179803, Singapore, 179803 - **Country:** Singapore ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in two address lines ```xml 549300H26GM4JKXOMJ43 SFOX PTE. LTD. 179803 Singapore SG 1 COLEMAN STREET #08-09A THE ADELPHI 179803 ``` - The address line repeats the town or postcode. Remove the repeat if your payment system rejects it. CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Same group - [sFOX Services, Inc. No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 254900DCO4ZE5U9SJO41](https://elucidate.co/directory/sfox-services-inc-deda933904e6) [All 2 institutions in the Ox Labs Inc. group →](https://elucidate.co/directory/group/5493001YCPG035ENOC21) ### Other payments & e-money institutions in Singapore - [Atlas Consolidated PTE. LTD. · trading as Hugo No BIC Payments & e-money Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 9845005BPECFKD4ED973](https://elucidate.co/directory/atlas-consolidated-pte-ltd-dd9bff35ebe7) - [Triple A Technologies PTE. LTD. · trading as TripleA No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 984500DA4B5DE9599547](https://elucidate.co/directory/triple-a-technologies-pte-ltd-35777ab55bbd) - [Jst Digital Trading & Technology PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 254900VFSNIDSSI4MR30](https://elucidate.co/directory/jst-digital-trading-and-technology-pte-ltd-0b04a7881932) - [Paxos Global PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINTRAC-MSB · LEI 254900HKUGCSEE1Z8626](https://elucidate.co/directory/paxos-global-pte-ltd-f0e62912b4de) - [Ripple Markets Apac PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 98450060F9F56F87ED90](https://elucidate.co/directory/ripple-markets-apac-pte-ltd-05ecaf0d5a45) - [Stonex Financial Pte. Ltd. BIC IGLUSGSG Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 984500C5005644B14P13](https://elucidate.co/directory/stonex-financial-pte-ltd-iglusgsg) - [Xrex PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 2549000QE6HHWJLNL230](https://elucidate.co/directory/xrex-pte-ltd-da7af7b2e1b7) - [2C2P Pte. Ltd. No BIC Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · No LEI mapped](https://elucidate.co/directory/2c2p-pte-ltd-4eb1a068b1fb) [See all →](https://elucidate.co/directory/search?type=payments&cc=SG) [Other entries on MAS-MPI →](https://elucidate.co/directory/register/mas-mpi) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **MAS Financial Institutions Directory - Major Payment Institution**—Monetary Authority of Singapore (MAS) · [source ↗](https://eservices.mas.gov.sg/fid) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.