On November 30th, as reported by BlockBeats news, Eddid Financial Singapore Pte, a wholly-owned subsidiary of the Hong Kong financial group Eddid Financial Ltd., has received an in-principle approval from the Monetary Authority of Singapore (MAS) for its capital markets services license application.
Upon official approval, the company will be able to offer customers capital market product transactions, product financing, and custody services. Ad Financial plans to expand its local business territory to include virtual assets, corporate financing, and fund management, and will establish an office in Singapore.
In summary:
On November 30th, Eddid Financial Singapore Pte, a subsidiary of Eddid Financial Ltd., received an in-principle approval from MAS for its capital markets services license application. Once approved, the company will provide capital market product transactions, product financing, and custody services, and plans to expand its local business to include virtual assets, corporate financing, and fund management.
An office in Singapore will be established.
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