Malaysia-headquartered LiveIn has acquired KoolKost, a sub-brand owned by Indonesia-based RedDoorz. Separately, Hex Trust has obtained a Major Payment Institution Licence from the Monetary Authority of Singapore.
LiveIn acquires KoolKost
Malaysia-based proptech firm LiveIn has acquired KoolKost, a long-term accommodation brand owned by Indonesia’s RedDoorz, for an undisclosed amount.
About 27 KoolKost properties across six cities will now operate under LiveIn, as the company expands its footprint in Indonesia since it was officially announced last month.
KoolKost, which launched in 2020, has built a strong reputation in Indonesia’s budget-friendly rental market, catering to long-term travellers, students, and young professionals.
In a statement, Keek Wen Khai, co-founder & CEO of LiveIn, emphasised that this acquisition marks an important milestone in LiveIn’s expansion strategy. “By integrating KoolKost’s extensive property network and brand presence, we aim to enhance housing accessibility for young people while delivering strong returns for property owners,” he said.
LiveIn will integrate KoolKost into its portfolio while maintaining it as a sub-brand. Over time, these properties will be aligned with LiveIn’s standardised offerings, including LiveIn Intro (budget stay for students and young professionals), LiveIn Select (an aspirational option with a refined touch), and LiveIn Signature (offers premium, modern, and stylish living spaces), ensuring a seamless experience for tenants.
Hex Trust secures MPI licence
Hex Trust, which offers digital asset financial services to businesses based in Hong Kong, have obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
Officially granted on March 1, 2025, this licence allows Hex Trust to offer cross-border money transfer and Digital Payment Token (DPT) services under Singapore’s regulatory framework. The company will deliver a comprehensive suite of services, including custody, over-the-counter (OTC) trading, settlement, and fiat on/off-ramp solutions.
Calvin Shen, Group Chief Commercial Officer & CEO of Hex Technologies Pte. Ltd, said, “[..] Singapore’s well-defined regulatory framework plays a crucial role in accelerating institutional adoption of digital assets. As a key market for Hex Trust, this licence enhances our ability to provide secure, regulated digital asset solutions to institutional clients.”
Last month, the company secured a strategic funding round led by Morgan Creek Digital, the blockchain-focused VC arm under US-based asset manager Morgan Creek Capital Management.
