Wealthtech
VC Plus Gets In-Principle Approval to Provide Custodial Services for Digital Assets
Investment firm VC Plus announced that its subsidiary Custody Plus has received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This allows Custody Plus to provide custodial services for capital market products,
Read MoreADDX Extends Pre-series B Round With US$20 Million Raise Led by Korea’s KB Securities
Global private market exchange ADDX announced that it has raised approximately US$20 million in an upsized Pre-Series B round led by KB Securities, a subsidiary of Korea’s KB Financial Group (KBFG). The round kicked off in May 2022 when ADDX
Read MoreHashKey Capital Secures In-Principle Approval CMS License
HashKey Capital announced at the Singapore Fintech Festival that it has received in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore. A full Capital Markets Services license would allow the company to conduct fund management
Read MoreManulife Uses STACS’ ESGpedia to Monitor Its Sustainable Investments
Insurance group Manulife’s wealth management arm has partnered with Singapore-based ESG fintech STACS to monitor the underlying quality of its sustainable investments. Manulife will leverage STACS’ ESGpedia to monitor its investments in sustainability-labelled bonds through visibility of the underlying certifications
Read MoreMAS Completes Its First Digital Asset Live Trades Under Project Guardian
The Monetary Authority of Singapore (MAS) announced that Project Guardian, its project exploring decentralised finance (DeFi) applications in wholesale funding markets, has completed its first live trades. The trades were conducted under Project Guardian’s first industry pilot which saw DBS,
Read MoreSingapore, China Strengthen Green Finance and Capital Market Cooperation
New initiatives to expand cooperation in green finance and deepen capital market linkages with China were recently announced by the Monetary Authority of Singapore (MAS) at Singapore’s 18th Joint Council for Bilateral Cooperation (JCBC). Among the initiatives is the establishment
Read MoreWise Granted CMS License to Launch Its New Investment Product
Online money transfer service Wise has received a Capital Markets Services license from the Monetary Authority of Singapore (MAS), allowing it to bring its new investment product to the country. The announcement, which was made at the Singapore Fintech Festival,
Read MoreSingaporeans View Digital Technology as Critical to Support Longevity
In the face of increasing life expectancy, Singaporeans are confident that personal health and financial technologies will play a critical role in helping them manage their lives, a new study commissioned by Prudential Singapore and conducted by Economist Impact found.
Read MoreThe 1st Foreign Owned Company in Japan to Successfully Apply a Financial Services Intermediary License
Singapore Japan Mobile Labs (SJ Mobile Labs Pte Ltd.) was launched in late 2021 to tackle the massive social problem of helping Japanese savers to put their financial assets to work. The team led by co-founders Samantha Ghiotti and Liam
Read MoreLeverage in Forex Cent Account for Beginners
For those just starting out in forex trading, leverage can be a confusing concept. That’s why we decided to explain what leverage is, and how it works in a cent account forex so that you can use it safely to
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