Doo Capital Market SG Pte. Ltd. (DCM), a subsidiary under Doo Financial, has recently received approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its operations.

DCM Set to Offer Enhanced Investment Opportunities

Doo Financial has been expanding its presence in the Singaporean market, and the acquisition of the CMS license has solidified its foothold. With this license, DCM is now authorized to engage in activities, such as dealing in capital markets products, product financing, and providing custodial services. Additionally, DCM holds a license that allows it to offer financial advisory services like advising on investment products and issuing or promulgating analyses/reports on investment products.

The granting of the CMS license to DCM. Ltd. followed a rigorous vetting process by MAS. This recognition opens avenues for DCM to offer enhanced professional services, thereby creating new investment opportunities.

📣 We are delighted to announce that Doo Capital Market SG Pte. Ltd., an entity under Doo Financial, has officially been granted with a Capital Markets Services (CMS) license from Monetary Authority of Singapore (MAS).

📷 Check out the article @ https://t.co/9hT79PAAOB pic.twitter.com/69hP64FARD

— Doo Financial (@DooFinancial) March 22, 2024

Doo Group's Digital Solutions for Global Growth

Under the authorization of the license, DCM is permitted to provide a range of services, including dealing in capital markets products, product financing, providing custodial services, advising on investment products, and issuing or promulgating analyses/reports on investment products. It's important to note that these services are limited exclusively to securities and exchange-traded derivatives contracts.

Doo Group has expanded into the Middle East by establishing an office in Dubai, UAE, as reported by Finance Magnates. With existing operations in various countries including the US, UK, Cyprus, and more, the group aims to enhance its global footprint. While holding operational licenses in many jurisdictions, it awaits approval from Dubai authorities. The company emphasizes its commitment to providing innovative digital solutions to improve operations, customer experiences, and foster sustainable growth in the digital era.