Hong Kong's AID Financial has been granted a principal approval for a Singapore Capital Market Services license, planning to expand its local business into areas such as virtual assets

According to official news, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong's financial group Eddid Financial in Singapore, has received principal approval from the Monetary Authority of Singapore (MAS) for its application for a capital market services license. After the license is officially approved, it can provide customers with capital market product trading, product financing, custody services and more. Eddid Financial stated that in the future it will actively expand its local business scope to virtual assets, corporate financing and fund management etc., and will set up an office in Singapore.