Eddid Financial Expands into Southeast Asia with Singapore as Key Hub for Virtual Assets and Financing
November 29, 2024Eddid Financial is set to expand its operations into Southeast Asia, focusing on virtual assets, corporate financing, and fund management as part of its comprehensive financial service strategy.
To facilitate this expansion, the Group has secured a CMS License, enabling it to offer a variety of services, including dealing in capital markets products and custodial services.
The company plans to create a robust business ecosystem in Singapore, establishing local offices and dedicated teams for operations and sales.
Eddid Financial intends to enhance its Singapore operations by leveraging successful business models from its experiences in Hong Kong and the U.S.
Headquartered in Hong Kong, Eddid Financial integrates advanced technologies such as fintech and artificial intelligence into its diverse financial services, which include wealth management and investment banking.
The Group holds multiple licenses across key financial markets, including those regulated by the Hong Kong Securities and Futures Commission, as well as memberships with U.S. regulatory bodies like FINRA and NFA.
Dr. Jerry Tse, CEO of Eddid Financial, highlighted Singapore's strategic importance as a financial hub and the Group's commitment to building partnerships and providing IPO services in the region.
As part of its Singapore strategy, the company is developing a bespoke trading application designed to offer one-stop trading services for Singapore stocks, U.S. stocks, and global futures.
Summary based on 6 sources
Get a daily email with more Financial Markets stories
Sources
PR Newswire • Nov 29, 2024
Eddid Financial Receives In-Principle Approval for Singapore Capital Markets Services LicenseBinance Square • Nov 30, 2024
Eddid Financial Singapore Receives MAS Approval for Capital Market ServicesThe Manila Times • Nov 29, 2024
Eddid Financial Receives In-Principle Approval for Singapore Capital Markets Services LicenseStreetInsider.com • Nov 29, 2024
Eddid Financial Receives In-Principle Approval for Singapore Capital Markets Services License