Alpaca Securities Pte. Ltd. receives principle approval from the Monetary Authority of Singapore

Alpaca Securities Pte. Ltd. has received principle approval for its Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). After meeting the conditions and officially obtaining the license, Alpaca Securities Pte. Ltd. plans to provide brokerage and custody services in Singapore, targeting Southeast Asian financial institutions and fintech companies. Approval in principle does not equate to a formal license, and relevant services cannot be carried out at present.