Robinhood Receives In-Principle Approval from Singapore's MAS to Launch Brokerage Services

Gate News message, April 23 — Robinhood Singapore Pte. Ltd. has received in-principle approval (IPA) from Singapore's Monetary Authority of Singapore (MAS) to provide securities brokerage services, according to Robinhood's blog. The approval paves the way for Robinhood to launch comprehensive brokerage services in Singapore, including securities, exchange-traded derivatives, custody, financing, and collective investment products.

Singapore will serve as Robinhood's Asia-Pacific headquarters, complementing its subsidiary Bitstamp Asia Pte. Ltd., which already holds an MAS Major Payment Institution (MPI) license. MAS clarified that the IPA is not equivalent to a full license; Robinhood must meet specific conditions, and the regulator reserves the right to revoke the approval.