Velocity Trade Secures Capital Markets Services License in Singapore

Velocity Trade International (Velocity Trade), a global broker-dealer, reportedly has secured the Capital Markets Services License from the Monetary Authority of Singapore (MAS), allowing it to provide regulated financial services and offerings in the country, marking another significant milestone in its global business expansion.

With this new license, Velocity Trade further solidifies its position in the global financial industry and opens up exciting possibilities for its continued growth. Previously, the company had already been granted financial services licenses by various regulatory authorities, including the Australian Securities & Investments Commission (ASIC), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Netherlands Authority for the Financial Markets (AFM), the Financial Markets Authority of New Zealand (FMA), the Financial Sector Conduct Authority of South Africa (FSCA), and the UK’s Financial Conduct Authority (FCA).

In addition, Velocity Trade has been accepted as a Full Member of the London Bullion Market Association (LBMA) this March following a comprehensive review.

Also receiving the CMS license from the MAS this month is HashKey Capital Singapore, a leader in the blockchain and digital asset investment space.