Velocity Trade Secures Singapore MAS Capital Markets Services License

Velocity Trade International, an internationally renowned broker-dealer, has achieved a noteworthy milestone in its overseas growth by obtaining a Monetary Authority of Singapore (MAS) Capital Markets Services (CMS) License. This accomplishment enhances Velocity Trade's position in the global finance sector by allowing it to provide a variety of regulated financial products and services in Singapore.

The issuance of the CMS License by MAS serves as an indication of Velocity Trade's compliance with rigorous regulatory criteria and strategically situates the organization for significant expansion in the Asian financial markets. This strategic maneuver is by the organization's goal of expanding its international presence and offering a variety of financial solutions in a highly dynamic economic region of the globe.

The acquisition of the MAS license by Velocity Trade has been supported by its unwavering adherence to global financial regulations. The organization's attainment of licenses from reputable international financial organizations—including the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Australian Securities & Investments Commission (ASIC), the Financial Markets Authority of New Zealand (FMA), the Financial Sector Conduct Authority of South Africa (FSCA), and the Financial Conduct Authority (FCA) of the United Kingdom—is further evidence of this. These accreditations serve as evidence of Velocity Trade's dedication to upholding the utmost standards in its activities throughout various jurisdictions.

Velocity Trade augmented its collection of distinctions by securing full membership status with the London Bullion Market Association (LBMA) in March of the present year. This membership demonstrates the organization's commitment to excellence in the international bullion market and enhances its standing as a reputable entity in the industry.

Concurrently, HashKey Capital Singapore, an industry leader in investments in digital assets and blockchain, obtained a CMS license from MAS. The aforementioned action taken by MAS demonstrates its dedication to cultivating a financial environment that is inclusive of both established and emerging financial sectors.

About the Monetary Authority of Singapore (MAS)

The dual role of the Monetary Authority of Singapore (MAS) and the Central Bank of Singapore is that of the integrated financial regulator. MAS, established in 1971, has significantly contributed to the transformation of Singapore into a resilient and ever-evolving international financial center. The organization is tasked with the formulation and execution of monetary policies, the administration of official foreign reserves, and the oversight of the banking, insurance, securities, and additional financial sectors.

The Monetary Authority of Singapore (MAS) employs a combination of innovative policies and prudential supervision to safeguard the financial system's stability. It is also committed to nurturing an environment that is conducive to the expansion of the financial sector while implementing stringent safeguards to protect investors and consumers. The policies and initiatives of the Monetary Authority of Singapore (MAS) have significantly influenced the financial environment of Singapore, rendering it an appealing hub for global finance.

Using its global collaborations and strategic alliances, MAS continues to bolster Singapore's standing as a preeminent international financial hub. The Authority has garnered international acclaim for its initiatives to foster fintech innovation, preserve monetary stability, and advance inclusive economic expansion.

MAS's issuance of the CMS License to Velocity Trade demonstrates the organization's progressive and inclusive approach to global collaborations, thereby enhancing the financial ecosystem in Singapore. This advancement not only enhances the standing of Velocity Trade on the international stage but also showcases MAS's continuous dedication to the progress of Singapore's financial sector.