SBI Digital Markets Receives MAS License to Operate in Singapore

SBI Digital Markets Gains Regulatory Approval in Singapore

The Monetary Authority of Singapore (MAS) has officially awarded SBI Digital Markets, a subsidiary of Japan-based SBI Holdings, a Capital Markets Services license. This approval follows the firm's in-principle acceptance in May, marking a significant milestone in its expansion into the Singaporean market.

Services and Offerings

With the new license, SBI Digital Markets is now authorized to provide a range of regulated activities, including custodial services, capital markets products, and corporate finance advisory services. The firm also plans to launch a digital asset securities platform, further solidifying its presence in the digital asset space.

Strategic Expansion

This move underscores SBI Digital Markets' commitment to operating within a regulated environment, aligning with Singapore's stringent financial regulations. The platform aims to cater to institutional investors and corporations, offering secure and compliant digital asset solutions.

Market Impact

The licensing of SBI Digital Markets highlights Singapore's continued support for innovation in the digital asset sector while maintaining regulatory oversight. This development is expected to enhance the country's position as a hub for digital asset businesses in Asia.