Doo Group Secures MAS-CMS License in Singapore

Doo Group secures a Capital Markets Services (CMS) license for its subsidiary, Doo Capital Market SG Pte. Ltd. (“DCM”). Doo Group, a renowned brokerage firm based in Singapore, has recently extended its business activities. The group recently obtained a Type 1 (Dealing in Securities) license from the Hong Kong Securities and Futures Commission, signifying a substantial expansion stage for the organization. This accomplishment follows closely behind.

The Monetary Authority of Singapore (MAS) issued DCM a CMS101428 license to conduct financial services by the Securities and Futures Act of 2001. The services mentioned above comprise product financing, interaction in capital markets, products, and custodial operations. Moreover, DCM is authorized to provide financial advisory services, including making recommendations on investment products and generating analyses or reports on said products, by the Financial Advisers Act of 2001.

The Doo Group's decision to enter the Singapore market is an example of its ambition to establish a presence in important financial centers. DCM is a major player in the region's capital markets thanks to its CMS license, which allows it to engage solely in exchange-traded derivatives contracts and securities.

Licensed subsidiaries in the United States, the United Kingdom, Australia, and Hong Kong contribute to Doo Group's operational presence in several significant markets. Doo Group maintains offshore subsidiaries in Labuan, the Seychelles, Mauritius, and Vanuatu, in addition to its established presence in these regions. Recent strategic moves by the group and notable senior appointments in the Cyprus office support their intentions to increase their presence in the European Union market.

Doo Group has consistently worked towards development and expansion under the CEO Costas Kappai. Consistent with its endeavors to fortify its worldwide footprint and augment its portfolio of services within the fiercely competitive financial services industry, the organization's procurement of the CMS license in Singapore is evidence of this.

DCM's acquisition of the CMS license will enable it to offer its Singaporean consumers an extensive array of services. This license grants authorization for the following services:

• DCM's involvement in capital markets product transactions allows it to advise consumers on different investment options through exchange-traded derivatives contracts and securities transactions.

• DCM can now provide financing choices tailored to the specific needs of investors, allowing them to utilize capital market products more effectively.

• The license authorizes DCM to preserve and protect its clients' assets, guaranteeing investors' safety and calm.

• DCM may assist clients in making informed financial decisions by providing expert advice on an array of investment products through this service.

• DCM's permission includes the power to create and disseminate thorough assessments and reports on investment products. By providing investors with invaluable insights, these reports and analyses serve to maintain their confidence.

The commitment of Doo Group to providing superior financial services reflects in its strategic expansion in Singapore and its overarching goal of expanding its international presence. The CMS license, which not only improves DCM's standing in Singapore's financial environment but also paves the way for new developments, facilitates Doo Group's future expansion and diversification of its offerings.

In its ongoing efforts to navigate the complexities of international investment and finance, Doo Group's acquisition of the CMS license is a critical step. Doo Group is in a favorable position to meet the evolving requirements of its clients and maintain its competitiveness in the global financial services industry, owing to its solid foundation in Asia and expanding presence in Europe and other regions.

About Doo Group

Doo Group, established in 2014 and headquartered in Singapore, is an international financial services group with FinTech as its core. Operating through six major business lines, including Brokerage, Wealth Management, Payment Exchange, FinTech, Financial Education, and Health Care. Doo Group continually strengthens our financial ecosystem. We are dedicated to providing comprehensive financial services and innovative solutions to clients worldwide. Together, we embark on a journey to Explore α Better Future.