Compared to other platforms, the platform offers a vast range of analytics to users to enable them to make more informed portfolio decisions. Anchal Jain, CEO of SynOption commented: 'The Monetary Authority of Singapore has provided us with an extremely efficient platform to test our product, experiment with technology and validate our initial product thesis. Sometimes referred to as an RMO License, Businesses in the state of California can elect to use an RMO or RME (Responsible Managing Employee) to certify their businesses to perform a construction trade. CapBridge, a global capital firm has received a Recognised Market Operator (RMO) license from the Monetary Authority of Singapore (MAS) to exist as a private securities exchange in the country. By. Having now secured an RMO trading license, Funderbeam can accelerate the growth of its secondary offer, namely by introducing automated trading and secondary listing service to any private company in Europe and Asia and solve the long-standing liquidity problems present in … To register your organisation on the MRL system for the first time please click here If you have any queries relating to the MRL system, please contact our support team here SynOption Pte. The company intends to apply for a Recognised Market Operator (RMO) license in Singapore. Speaking about the new RMO license, Mr. Johnson Chen, Founder and CEO of CapBridge said it would enable his capital firm to “offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options.”. Sikander brings with him a wealth of experience in FX/FXOption markets, understanding of clients and expertise in regulatory risk management. China's Dalian Commodity Exchange has been recognised by the MAS as a market operator, allowing it to promote iron ore futures to Singapore investors. Its Singapore-based subsidiary, Funderbeam Markets Pte has been granted a Capital Market Services (CMS) licence and a Recognised Market Operator (RMO) licence by the Monetary Authority of Singapore. Disclaimer: Information found on this site does not represent the opinions of Coinfomania on whether to buy, sell, or hold any investments. Synoption also appointed Sikander Ilyas to their board in October 2020. New Guided Journey feature on GoBusiness Licensing Licensing for F&B businesses, made smarter and simpler. Username or See All Financial Institutions. CapBridge, a global capital firm has received a Recognised Market Operator (RMO) license from the Monetary Authority of Singapore (MAS) to exist as a private securities exchange in the country. What Do Cryptocurrency Investors Need to Know About U.S. Tax Law? +65 9459 1259 For more information and registration of interest, companies and investors can visit www.1x.exchange . Honor launches 1st smartphone V40 5G since Huawei separation... UAE: Gang of 8 on trial for stealing Dh4 million from employees... News by (Codes §7065.1, and §7068.1) Each tradable token will be backed by one equivalent tonne of carbon credits. The MAS sandbox is an innovative concept from MAS that provides fintech players with the ability to test innovative financial products and under regulatory scrutiny. Subscribe to our weekly Newsletter. "With the graduation to an RMO license, SynOption has successfully concluded the proof of concept for the technology, the business model and the product demand. Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. The RMO or RME of a licensed construction business is held accountable for all activity and any violations committed by the company. With SynOption graduating from the Sandbox, it means that the Sandbox linked restrictions on the trading size and number of participants has been relaxed for SynOption. Find a financial institution, licence or activity in Singapore. Find a financial institution, licence type or activity in Singapore. ", commented Gurpreet Chhatwal, COO of SynOption. newsdesk - November 24, 2018. Ltd and has been used to set up a securities exchange know as 1exchange. SynOption Pte. Ltd. is a financial technology firm headquartered in Singapore, looking to play a role in bringing about more transparency and easing the way business is done in financial markets in FX options. World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. Click here to apply for a licence in other local authorities or for TII Telecoms applications on National Roads. Region, Cross Directory Home. Complete Guide to Choosing a Stockbroker for Profitable Investment, Nine (9) Platforms to Earn Interest on Crypto Right Away Without Doing Much. Having now secured an RMO trading license, Funderbeam says it can accelerate the growth of its secondary offer, namely by introducing automated trading and secondary listing service to any private company in Europe and Asia and solve the long-standing liquidity problems present in start-up and SME investment. If you have any complaints or copyright issues related to this article, kindly contact the provider above. SINGAPORE, January 5, 2021 /EINPresswire.com / -- Singapore based Fintech firm Synoption Pte Ltd has been approved as a Recognized Market Operator (RMO ) by Monetary Authority of Singapore. Copyright © 2000 MENAFN. The cost efficiency is possible because listing and maintenance fees on 1exchange will be cheaper than, Singaporean Regulator Halts Crypto Company’s STO Launch, Monetary Authority of Singapore (MAS) Issues Warning On Fraudulent Crypto Website, Singapore May Allow Crypto Derivatives on Approved Exchanges, Crypto Expo Singapore 2019 – The Main Event for Cryptocurrency Traders and Investors. AirCarbon is applying for the recognised market operator (RMO) licence from the Monetary Authority of Singapore… Company Registration Number 201731973M. About CapBridge Pte Ltd Use provided information at your own risk. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018. The RMO license is effective from 21 November 2018. In particular, last November, MAS granted a recognized market operator (RMO) license to 1exchange, Singapore’s first private securities exchange that facilitates digital token trading. There’s no new law for crypto exchanges in Singapore. According to a press release by the firm today, Nov 22, the new license was issued to CapBridge’s subsidiary CapBridge Platform Pte. November 12, 2019 1.1 The Monetary Authority of Singapore (“MAS”) currently regulates market operators under two categories, namely the approved exchanges (“AEs”) and the recognised market operators (“RMOs”). Anchal Jain ICHX is regulated by the Monetary Authority of Singapore as a capital markets services licensee for dealing in capital markets products and providing custodial services, and a Recognised Market Operator. All Licence Type/Status With 2019, being generally priced as the year with security tokens will become popular, it is no surprise that CapBridge is also working towards listing security tokens with their new RMO license. Twitter The RMO license is effective from 31 December 2020. Visit us on social media: Synoption Pte. With the MAS focus on making Singapore an FX Hub in the region, SynOption hopes to be able to contribute to the goal, whilst benefit from building relationships with … Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018 The RMO trading license will enable the firm to introduce automated trading and secondary listing services to any private company in Europe and Asia and help solve liquidity problems. 59 result(s) Print/Download List. LinkedIn. Your company will be issued a NEW license number, and you can start taking the projects of your dreams. The release points out that CapBridge is working with Ethereum’s ConsenSys to build a “fully compliant private securities exchange.” However, no timeline was provided on when the project will be completed with the release only saying that it will be “in due course.”. The list of AEs and RMOs are listed in the Financial Institutions Directory. Affiliate: Deposit 0.02 BTC, and get a 100% bonus to trade futures on Bexplus. For example, there was a company that used blockchain to trade bonds and it obtained the RMO licence. ICHX is regulated by the Monetary Authority of Singapore as a capital markets services licensee for dealing in capital markets products and providing custodial services, and a Recognised Market Operator. The one-stop portal will simplify the application and payment of licence-related fees and allow businesses to apply for multiple licences simultaneously. Approved Exchange (AE) or Recognised Market Operator (RMO) Licence Markets are licensed by MAS as approved exchanges (AEs) or recognised market operators (RMOs) under the Securities and Futures Act. Get your new Contractor’s License with no test by working with a Responsible Managing Officer (RMO), a licensed contractor whose experience will waive your exam requirement. Singapore based Fintech firm Synoption Pte Ltd has been approved as a Recognized Market Operator (RMO) by Monetary Authority of Singapore. An RMO is a qualified individual that holds one or more contractor licenses. Graduation to an RMO license is a validation of the security, reliability and efficiency of Synoption systems, technology and processes. The Company principal activity is in GENERAL CLEANING SERVICES (INCLUDING CLEANING OF PUBLIC AREAS, OFFICES AND FACTORIES) EXCEPT HOUSEHOLD … RMO LicenseRMO stands for Responsible Managing Officer. The licences will give the company a more robust presence in Singapore and help it to strike deals with Singapore-based companies and investors. Who Needs to Apply Forgot Global private capital platform CapBridge Pte. email us here Market operators that will not pose system-wide risks (as determined by MAS) will be allowed to serve retail investors. The law requires that the RMO or RME of a construction business exercise direct supervision and control of its contracting operations. All rights reserved. Nov 23, 2018 2:07AM EST Global private capital platform CapBridge Pte. Get a License - … Rates. If the licensed individual is not doing so, or if any of the other business officers, general partners, or employees break the law, the RMO or RME can lose his/her qualifying license and any other license on which the individual serves as a qualifier pur… Follow us on Twitter, Facebook, and Telegram to receive timely updates. ! Singapore Grants RMO License for CapBridge to Operate New Security Exchange. Conduct your own research before making any investment decisions, Please check your email to confirm your subscription, The newly launched 1exchange will, according to the release, “catalyze liquidity for private companies, prior to an exit event such as an IPO or an M&A situation.” It will also allow listed companies to remain private, enjoy more control and also save costs. Synoption was the first entity to be inducted into MAS regulatory Sandbox Express in 2019. Linklaters has advised Dalian Commodity Exchange (DCE) on their Recognised Market Operator (RMO) licence application in Singapore, which was approved by … Company Registration Number 201731973M. Working with a RMO is a legal alternative to obtaining a Contractor’s License that will save you time AND give you access to an experienced and knowledgeable contractor to support your new business. Regulated by the Monetary Authority of Singapore, the country’s de facto central bank, Capbridge holds a Capital Markets Services license. The Company current operating status is struck off with registered address at SOUTHPOINT. The newly launched 1exchange will, according to the release, “catalyze liquidity for private companies, prior to an exit event such as an IPO or an M&A situation.” It will also allow listed companies to remain private, enjoy more control and also save costs. RMO Tier 1 This newly-introduced tier is targeted at market operators with limited access to Singapore-based retail investors. The Company intends to increase product offering along with increasing the number of liquidity providers to enhance client experience on the platform. CapBridge Granted RMO Private Exchange License By MAS; “1exchange” Set To Be Among First Regulated Private Securities Exchanges In Global Financial Centre Singapore Highly unique 1X private exchange structure is designed to catalyse liquidity for private companies, prior to an exit event such as an IPO or an M&A situation The cost efficiency is possible because listing and maintenance fees on 1exchange will be cheaper than traditional exchanges. Ltd View * Please note that a financial institution may hold multiple licences. Submit Your Articles/Press Releases/Reports, Azerbaijan's energy company building new substation in liberated Shusha (PHOTO/VIDEO), Kazakhstan deregulates tanker call-in services for oil crude, products export, Fear and frustration in Nigeria as millions at risk of phone suspension, Health and Beauty Products Market to Witness Astonishing Growth with Wallgreen, Avon Products, Mary Kay, Alberto-Culver, Emaar accuses MGF of trying to illegally transfer land parcels.
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