Eddid Financial has announced that its Singapore subsidiary, Eddid Financial Singapore Pte Ltd, has been granted a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This significant development marks a pivotal step in the group’s international expansion strategy, enhancing its presence in key global markets, including Hong Kong and the US.
The newly acquired CMS licence allows Eddid Financial to offer a comprehensive range of financial services in Singapore, such as dealing in securities and derivatives, forex product financing, and custodial solutions. The group is actively establishing its operations in Singapore by setting up local offices, assembling a dedicated team, and developing a proprietary trading platform. This platform aims to provide seamless access to Singapore equities, US stocks, and global futures, offering a streamlined trading experience.
Dr Jerry Tse, CEO of Eddid Financial, stated, “Securing our CMS licence in Singapore is a key milestone in our global strategy. With strong regulatory foundations in Hong Kong and the US, our entry into Singapore further enhances our ability to serve clients across borders. Singapore’s dynamic financial ecosystem presents exciting opportunities, and we’re eager to bring our global expertise and integrated service model to this vibrant market.”
Looking ahead, Eddid Financial plans to expand into virtual assets, corporate financing, and fund management, driving continued diversification and innovation in its service offerings. This strategic move underscores the group’s commitment to strengthening its global footprint and delivering comprehensive financial solutions across borders.
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