Singapore Brokerage Expansion Advances as Robinhood Secures MAS Approval

Singapore brokerage expansion is advancing as Robinhood receives in-principle approval from the Monetary Authority of Singapore to offer a range of investment services.

The approval allows the US fintech firm to potentially provide trading in securities, exchange-traded derivatives, custody, product financing and collective investment schemes once conditions are met.

Robinhood said Singapore brokerage expansion will position the city as its Asia-Pacific headquarters, supported by Bitstamp Asia, which holds a Major Payment Institution licence from MAS.

The firm highlighted Singapore’s strong regulatory environment, digital adoption and growing retail investor base as key factors behind the move, although it noted that the approval does not yet constitute a full licence and may still be subject to review.