Doo Group Grows Singapore Presence with Capital Markets Services License

Doo Group, a large financial services group with financial technology at its core, announced Friday (March 22) that it has secured a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), marking a further expansion of this group into the Singapore market.

Doo Group acquired the new license through Doo Capital Market SG Pte. Ltd., which will be able to conduct activities regulated under the Securities and Futures Act 2001 such as dealing in capital markets products, product financing and providing custodial services. In addition, the subsidiary can deliver financial advisory service under the Financial Advisers Act 2001.

"The approval of the CMS license at this time will further enhance our influence in the Singapore market, providing clients with a more diversified range of professional financial services to seize the vast opportunities in this thriving market," said the group in an announcement.

Doo Group has been actively establishing layouts in major financial markets worldwide. Early this month, Doo Financial HK Limited, other subsidiary of Doo Group, has received the Type 1 (Dealing in Securities) License from the Hong Kong​ Securities and Futures Commission. In Janaury, the group has opened two new offices in Dubai, UAE.​