Funding agency VC Plus introduced that its subsidiary Custody Plus has obtained in-principle approval for a Capital Markets Providers (CMS) license from the Financial Authority of Singapore (MAS).
This permits Custody Plus to offer custodial providers for capital market merchandise, together with tokenised securities.
VC Plus had secured shareholders’ approval in April 2021 to diversify into the brand new enterprise of custodian for digital property and consultancy within the monetary and blockchain know-how sector.
Clarence Chong Heng Loong
Clarence Chong Heng Loong, Chief Govt Officer of VC Plus mentioned,
“We firmly imagine that the clear regulatory framework in Singapore is important to the progressive and sustainable improvement of Singapore as a digital property hub, instilling larger confidence and belief out there.
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As a listed firm in Singapore, it can present extra assurance to our prospects to custodise their digital property with us.”
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