just now
March 27, 2024 - Doo Capital Market SG Pte. Ltd. ("DCM"), an entity under Doo Financial, has been granted a Capital Markets Services (CMS) license (License Number: CMS101428) from the Monetary Authority of Singapore (MAS).
Doo Financial is a sub-brand of Doo Group. The acquisition of this license allows DCM to conduct activities regulated under the Securities and Futures Act 2001, such as dealing in capital markets products, product financing, and providing custodial services. DCM is also licensed under the Financial Advisers Act 2001 to provide financial advisory services, including advising on investment products and issuing or promulgating analyses/reports on investment products.
MAS Regulatory License
MAS, established in 1971 as a government agency, exercises central banking and financial regulatory authority functions in Singapore. After a rigorous vetting process, Doo Capital Market SG Pte. Ltd. has been authorised to provide the following services:
Dealing in Capital Markets Products*
Product Financing
Providing Custodial Services
Advising on Investment Products*
Issuing or Promulgating Analyses/Reports on Investment Products
*Capital market products and investment products are limited exclusively to securities and exchange-traded derivatives contracts.
In November 2023, Doo Group participated in the Singapore FinTech Festival as an international financial services group, collaborating with industry experts and leading institutions to explore the potential of the future financial landscape.
Singapore, as one of the financial centers in Asia, maintains a well-developed financial system and regulatory standards. Doo Group has chosen to expand its market presence into Singapore due to the convergence of a thriving financial ecosystem and a supportive regulatory environment.
The approval of the CMS license will enhance Doo Group's influence in the Singapore market, providing clients with a more diversified range of professional financial services to seize opportunities in this market.
