- Doo Group obtains Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS)
- The license enables Doo Capital Market SG Pte. Ltd. to provide services including dealing in capital markets products, product financing, custodial services, and financial advisory.
Doo Group, a leading financial services group powered by fintech, announced today it has secured a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This marks a significant expansion for Doo Group in the Singapore market.
Doo Capital Market SG Pte. Ltd. (DCM), a subsidiary of Doo Group, received the CMS license. This allows DCM to offer a wider range of services under the Securities and Futures Act 2001, including dealing in capital markets products, product financing, and custodial services. Additionally, DCM can provide financial advisory services under the Financial Advisers Act 2001.
“The CMS license approval strengthens our position in Singapore. We can now offer clients a more diverse range of professional financial services, empowering them to capitalize on the vast opportunities in this dynamic market.”
Doo Group has been actively expanding its reach in major financial hubs worldwide. Earlier this month, Doo Financial HK Limited, another subsidiary, obtained a Type 1 (Dealing in Securities) License from Hong Kong’s Securities and Futures Commission.
