Capital.com receives approval for Singapore capital markets licence

What happened

Capital.com said it received approval for a Singapore securities licence from the Monetary Authority of Singapore. Its Singapore unit is licensed to deal in securities, collective investment schemes and over-the-counter derivatives, and also received approval to provide custodial services. The company said the licence was approved late last month.

Confirmed

Global impact / market context

The approvals allow Capital.com’s Singapore unit to deal in several types of investments and hold client assets in custody, meaning it safeguards them. That may broaden the services it can offer locally and create opportunities for revenue, while also bringing operational and regulatory responsibilities.

Analyst inference

The filing names Tony Lim, formerly CEO of IG Asia, as CEO of Capital.com’s Singapore entity. The article gives no fee, client, revenue or investment figures, so the commercial scale of the new permissions and any effect on competitors remain unclear.

Confirmed

What to watch

1. Look for Capital.com to disclose when its Singapore services begin and which approved products it will offer; the licence alone does not establish customer uptake or revenue. Analyst inference
2. Future company disclosures on client numbers, income or operating costs would indicate whether dealing and custody services become a meaningful business in Singapore. Analyst inference
3. Regulatory filings or company announcements could clarify the licence’s operating conditions and whether the Singapore unit expands its staffing or systems to meet them. Analyst inference

Evidence

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