SBI Digital Markets, a subsidiary of SBI Group, a leading Japanese financial services firm, has announced it has been granted the Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS).
The CMS license followed the In-Principle Approval that was granted to it back in May. As detailed by the platform, it will launch custodial services and a proprietary digital asset securities platform to help capture the market from both the private and public sectors.
“Being awarded this licence and the backing of the SBI group sends a message that we are a first-choice institutional digital asset securities issuance platform to financial institutions in the region,” said Winston Quek, Chief Executive Officer of SBI Digital Markets, “Singapore’s financial regulatory system is among the most respected in the world for its rigour and transparency, so MAS’s licence signals the standards at which we will operate to our potential partners.”
There has been a steady growth...
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