Synoption Pte. Password. 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.”. "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. 59 result(s) Print/Download List. Click here to apply for a licence in other local authorities or for TII Telecoms applications on National Roads. Follow us on Twitter, Facebook, and Telegram to receive timely updates. Directory Home. Region, Cross 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.”. Synoption was the first entity to be inducted into MAS regulatory Sandbox Express in 2019. New Guided Journey feature on GoBusiness Licensing Licensing for F&B businesses, made smarter and simpler. Singapore’s government and related entities have further shown commitment and enthusiasm for developing the industry. 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. Therefore, the results count on the licences may be higher than the number of financial institutions returned. Forgot Copyright © 2000 MENAFN. There’s an existing licence called the Recognised Market Operator (RMO) Licence and, if you want to run a digital asset exchange, you have to obtain it. For more information and registration of interest, companies and investors can visit www.1x.exchange . 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 … 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. 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. The Company principal activity is in GENERAL CLEANING SERVICES (INCLUDING CLEANING OF PUBLIC AREAS, OFFICES AND FACTORIES) EXCEPT HOUSEHOLD … LinkedIn. See All Financial Institutions. Singapore Grants RMO License for CapBridge to Operate New Security Exchange Global private capital platform CapBridge Pte. 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. 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. Ltd and has been used to set up a securities exchange know as 1exchange. 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. 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 Global private capital platform CapBridge Pte. Username or Subscribe to our weekly Newsletter. Anchal Jain Who Needs to Apply AirCarbon is applying for the recognised market operator (RMO) licence from the Monetary Authority of Singapore… The Company intends to increase product offering along with increasing the number of liquidity providers to enhance client experience on the platform. Find a financial institution, licence or activity in Singapore. Market operators that will not pose system-wide risks (as determined by MAS) will be allowed to serve retail investors. 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. 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 … What Do Cryptocurrency Investors Need to Know About U.S. Tax Law? By. 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. SynOption Pte. World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. Compared to other platforms, the platform offers a vast range of analytics to users to enable them to make more informed portfolio decisions. !Error..Please enter a correct email address! ! RMO LicenseRMO stands for Responsible Managing Officer. For example, there was a company that used blockchain to trade bonds and it obtained the RMO licence. The law requires that the RMO or RME of a construction business exercise direct supervision and control of its contracting operations. November 12, 2019 SynOption Pte. Sikander brings with him a wealth of experience in FX/FXOption markets, understanding of clients and expertise in regulatory risk management. Company Registration Number 201731973M. Use provided information at your own risk. Each tradable token will be backed by one equivalent tonne of carbon credits. Find a financial institution, licence type or activity in Singapore. Singapore based Fintech firm Synoption Pte Ltd has been approved as a Recognized Market Operator (RMO) by Monetary Authority of Singapore. All rights reserved. The cost efficiency is possible because listing and maintenance fees on 1exchange will be cheaper than traditional exchanges. 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 Your company will be issued a NEW license number, and you can start taking the projects of your dreams. 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”). Singapore Grants RMO License for CapBridge to Operate New Security Exchange. newsdesk - November 24, 2018. Linklaters has advised Dalian Commodity Exchange (DCE) on their Recognised Market Operator (RMO) licence application in Singapore, which was approved by … Twitter Honor launches 1st smartphone V40 5G since Huawei separation... UAE: Gang of 8 on trial for stealing Dh4 million from employees... News by 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 MAS Grants Dalian Commodity Exchange 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. Affiliate:  Deposit 0.02 BTC, and get a 100% bonus to trade futures on Bexplus. 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… 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. 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. An RMO licence is issued by the Monetary Authority of Singapore to companies that wish to operate an organised market, or a place to exchange, sell … If you have any complaints or copyright issues related to this article, kindly contact the provider above. See All Financial Institutions. According to a press release by the firm today, Nov 22, the new license was issued to CapBridge’s subsidiary CapBridge Platform Pte. The licences will give the company a more robust presence in Singapore and help it to strike deals with Singapore-based companies and investors. All Licence Type/Status 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. 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. Sikander is a market veteran who spent 27 years in JPMorgan Chase and retired as the Head of Global Markets and Investor Services Sales (International). 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. The RMO or RME of a licensed construction business is held accountable for all activity and any violations committed by the company. Complete Guide to Choosing a Stockbroker for Profitable Investment, Nine (9) Platforms to Earn Interest on Crypto Right Away Without Doing Much. 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. Regulated by the Monetary Authority of Singapore, the country’s de facto central bank, Capbridge holds a Capital Markets Services license. Singapore based Fintech firm Synoption Pte Ltd has been approved as a Recognized Market Operator (RMO) by Monetary Authority of Singapore. The Company current operating status is struck off with registered address at SOUTHPOINT. 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. A Practical Guide to Executing Trades on US-Singapore Recognied enues 4 Note For the purposes of this guide: • The questions and answers are limited to the execution of derivatives contracts6 that are subject to mandatory clearing and trading requirements under US or Singapore laws and regulations. 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. The company intends to apply for a Recognised Market Operator (RMO) license in Singapore. Synoption also appointed Sikander Ilyas to their board in October 2020. 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. According to a press release by the firm today, Nov 22, the new license was issued to CapBridge’s subsidiary CapBridge Platform Pte. Visit us on social media: (Codes §7065.1, and §7068.1) About CapBridge Pte Ltd +65 9459 1259 The RMO license is effective from 31 December 2020. The license is a testament to the relevance and robustness of the product offering, and our clients can take comfort in the fact that we have regulatory approval and oversight on the policies and processes we follow'. ", commented Gurpreet Chhatwal, COO of SynOption. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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. email us here 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. RM LICENSING (PTE) LTD was incorporated on 3 March 1994 (Thursday) as a Exempt Private Company Limited by Shares in Singapore. Nov 23, 2018 2:07AM EST Global private capital platform CapBridge Pte. Ltd 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. The list of AEs and RMOs are listed in the Financial Institutions Directory. 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 one-stop portal will simplify the application and payment of licence-related fees and allow businesses to apply for multiple licences simultaneously. Disclaimer: Information found on this site does not represent the opinions of Coinfomania on whether to buy, sell, or hold any investments. View * Please note that a financial institution may hold multiple licences. 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. The RMO license is effective from 21 November 2018. 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. The RMO license is effective from 31 December 2020. Rates. There’s no new law for crypto exchanges in Singapore. An RMO is a qualified individual that holds one or more contractor licenses. 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. A Singapore Government Agency Website. The person must hold an […] Graduation to an RMO license is a validation of the security, reliability and efficiency of Synoption systems, technology and processes. Get a License - … Company Registration Number 201731973M. RMO Tier 1 This newly-introduced tier is targeted at market operators with limited access to Singapore-based retail investors. Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. Than the number of liquidity providers to enhance client experience on the platform offers a vast range of analytics users... Btc, and you can start taking the projects of your dreams of its operations... Legal Disclaimer: MENAFN provides the information “ as is ” without warranty any... The results count on the platform offers a vast range of analytics to users to enable them to more. Sikander Ilyas to their board in October 2020 for multiple licences contractor licenses financial institution licence. 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