TechFlow news, November 29 — According to an official announcement, Eddid Financial has declared that its Singapore wholly-owned subsidiary, Eddid Financial Singapore Pte. Ltd., has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license. This license will allow the company to conduct businesses including trading of capital market products, product financing, and custodial services.
Eddid Financial plans to establish a comprehensive business ecosystem in Singapore, including setting up a local office and developing a dedicated trading application to offer one-stop trading services for Singapore stocks, U.S. stocks, and global futures. Future operations will expand into virtual assets, corporate finance, and fund management. Group President Jason Xie stated that Singapore, as a regional financial hub, will serve as the group's Southeast Asia base. The company has already established partnerships with multiple enterprises in Southeast Asia and is providing listing services for regional companies.
