SBI Digital Markets, a subsidiary of the digital asset arm of Japan-based financial giant SBI Holding, has reportedly received the Monetary Authority of Singapore’s approval for conducting certain regulated activities in the country. According to the SBI Digital Asset Holdings CEO Fernando Luis Vázquez Cao, the subsidiary will play an important role in SBI DAH’s core mission to re-imagine and transform capital markets and banking value chains through the deployment of digital technology. The firm will offer custodial services, capital markets products and corporate finance advisory services in Singapore with an aim to launch a digital asset securities platform in the future.

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