Doo Financial Expands Global Operations with New Licenses from BVI and Cayman Islands

Doo Group, a Singapore-based online brokerage firm, has announced that its entities under the Doo Financial brand have successfully obtained new licenses from both the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

Doo Financial Fund Management (BVI) Limited (DF BVI) has received approval from the BVI FSC to operate as an investment adviser or manager for private funds, professional funds, or closed-end funds. The license was granted in accordance with regulation 9 of the Investment Business (Approved Investment Managers) Regulations 2012. Meanwhile, Doo Selected SPC Fund, another entity under Doo Financial, has secured a public fund license from CIMA.

This new licensing will enable Doo Financial entities to expand their range of services, providing more flexible fund management solutions and seizing investment opportunities across global markets. "We are excited about the possibilities this opens for our clients and the opportunities for managing public funds under the supervision of CIMA," said a spokesperson for Doo Financial.

Doo Group operates multiple online trading brands, including Doo Prime, Doo Clearing, and Doo Financial, and is controlled by Chinese national Junjie Chen. The company holds various regulatory licenses from global authorities such as the US Securities and Exchange Commission (SEC), the Australian Securities and Investments Commission (ASIC), and the Hong Kong Securities and Futures Commission (SFC), among others.