According to TechFlow, on November 29, according to official news, Eddid Financial announced that its wholly-owned subsidiary in Singapore, Eddid Financial Singapore Pte. Ltd., has been approved in principle by the Monetary Authority of Singapore (MAS) for a capital market services license. The license will allow the company to conduct capital market product trading, product financing and custody services.
Aide Financial plans to establish a complete business ecosystem in Singapore, including setting up a local office and establishing a dedicated trading application to provide one-stop trading services such as Singapore stocks, US stocks and global futures. In the future, the business will expand to the fields of virtual assets, corporate financing and fund management. Group President Xie Shangli said that Singapore, as a regional financial hub, will become the group's Southeast Asian business base. The company has established cooperative relationships with many Southeast Asian companies and provides listing services for companies in the region.
