The Monetary Authority of Singapore (Singapore central bank and financial regulator) said the approval is conditional and not yet a full license, as Robinhood positions Singapore as its Asia-Pacific headquarters.
Robinhood Singapore Pte. Ltd. has received in-principle approval from the Monetary Authority of Singapore (Singapore central bank and financial regulator) to offer securities brokerage services. The company said Singapore will serve as Robinhood’s APAC (Asia-Pacific region) headquarters. The development adds to Robinhood’s regulatory footprint in Singapore, where Bitstamp Asia already holds a MAS major payment institution license. MAS said the latest approval is not a full license and remains subject to conditions, meaning Robinhood must still satisfy regulatory requirements before fully launching the brokerage service.