Robinhood Receives In-Principle Approval from Singapore's MAS to Launch Brokerage Services

GateNews

Gate News message, April 23 — Robinhood Singapore Pte. Ltd. has received in-principle approval (IPA) from Singapore’s Monetary Authority of Singapore (MAS) to provide securities brokerage services, according to Robinhood’s blog. The approval paves the way for Robinhood to launch comprehensive brokerage services in Singapore, including securities, exchange-traded derivatives, custody, financing, and collective investment products.

Singapore will serve as Robinhood’s Asia-Pacific headquarters, complementing its subsidiary Bitstamp Asia Pte. Ltd., which already holds an MAS Major Payment Institution (MPI) license. MAS clarified that the IPA is not equivalent to a full license; Robinhood must meet specific conditions, and the regulator reserves the right to revoke the approval.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Tesla Q1 Earnings Beat Expectations, Stock Rallies Then Retreats; Four Whale Addresses Enter Million-Dollar TSLA Positions on Hyperliquid

Gate News message, April 23 — Tesla released stronger-than-expected Q1 results on April 23, with revenue growth reaching a three-year high and profits exceeding market forecasts, initially driving the stock higher. However, subsequent comments from CEO Elon Musk and CFO regarding 2026 capital

GateNews28m ago

《Naval Handbook》— Naval launches the AI fund USVC, allowing retail investors to invest in OpenAI and Anthropic before listing

Silicon Valley’s well-known investor Naval’s AngelList recently launched a new fund called USVC, positioning it as a way for everyday investors to indirectly participate in hot private tech companies such as OpenAI, Anthropic, xAI, Vercel, Crusoe, Sierra, and Legora with a minimum threshold of just $500. The official messaging frames it as “investing in building future companies before it all becomes obvious,” and emphasizes that it’s a fund open to all investors that does not require accredited investor status. It aims to transform venture capital assets that previously were only accessible to the wealthy and insiders into a product that retail investors can also reach. Invest with $500 to invest in early AI companies USVC’s core narrative is straightforward: as more and more star startups choose to stay in the private market for longer periods, the truly explosive valuation growth often happens in I

ChainNewsAbmedia30m ago

Tesla to Acquire AI Hardware Company for Up to $2 Billion

Gate News message, April 23 — Tesla announced on April 23 that it has agreed to acquire an artificial intelligence hardware company for up to $2 billion in Tesla common stock and equity awards. Approximately $1.8 billion

GateNews33m ago

Bunq Surpasses €100 Million in Crypto Trading, Launches Stock Baskets Feature

Gate News message, April 23 — Bunq, a European neobank, has surpassed €100 million in crypto trading volume within the first year of launching its digital asset offering in April 2025, across approximately 500,000 trades. The platform recorded a 41% increase in total signups in 2026, reflecting

GateNews42m ago

Aethir Secures $260M Enterprise AI Infrastructure Contract via Axe Compute, Powers 2,304 NVIDIA B300 GPUs

Gate News message, April 23 — Aethir, a decentralized GPU cloud infrastructure provider, has secured a major enterprise contract through Axe Compute Inc. (NASDAQ: AGPU), a Nasdaq-listed company. The 36-month agreement is valued at approximately $260 million and marks Axe Compute's largest single ent

GateNews52m ago

GraniteShares Delays 3x Leveraged XRP ETF to May 7, 2026

Gate News message, April 23 — GraniteShares has delayed the launch of its 3x leveraged XRP ETF to May 7, 2026, according to a filing amendment submitted on April 23. The delay affects both 3x long and 3x short XRP funds, as well as similar leveraged products tied to Bitcoin, Ethereum, and Solana. T

GateNews1h ago
Comment
0/400
No comments