Alpaca's Singapore unit gets MAS capital markets services licence in-principle approval
- —Alpaca Securities Pte. Ltd. is Alpaca's Southeast Asia headquarters
- —Received in-principle approval for a CMS licence from MAS
- —Plans to offer brokerage and custody services in Singapore
- —In-principle approval does not permit operations until the licence is正式 granted
Why it matters: Alpaca's Asian expansion intensifies competition in the region's crypto and brokerage services market.
Source: PANews