Hong Kong Aide Financial has been approved for a capital markets services license in Singapore and plans to expand its local business into areas such as virtual assets

ChainCatcher news, according to official sources, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong financial group Adept Financial, has received in-principle approval from the Monetary Authority of Singapore (MAS) for its capital markets services license application. Once the license is officially approved, it will be able to provide clients with capital market product trading, product financing, custody services, and more.

Adept Financial stated that in the future, it will actively expand its local business footprint to include virtual assets, corporate financing, and fund management, and will establish an office in Singapore.