Multi-asset investment platform eToro has expanded into Singapore after activating its Capital Markets Services (CMS) license from the Monetary Authority of Singapore.
The license allows eligible retail investors in Singapore to access stocks from more than 20 of the world’s leading stock exchanges, exchange-traded funds, and derivatives through eToro’s social investing platform.
The move is part of the company’s broader plan to grow its presence across Asia.
The expansion follows the appointment of Yaki Razmovich as Managing Director for eToro Singapore and Asia.
He will be responsible for building the company’s operations locally and supporting its regional growth strategy.
eToro’s platform enables users to follow and interact with other investors, view portfolio statistics, and access educational content through its Virtual Portfolio and eToro Academy.
Yoni Assia, Co-Founder & CEO, eToro said,
“This is an important milestone for eToro. Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows. By activating our CMS license, we are advancing our mission to open the world’s markets, connect investors to leading voices, and give everyone the tools they need to grow their knowledge and wealth.
We’re proud to be part of Singapore’s fintech ecosystem and look forward to continuing to work closely with regulators, while investing in local talent and partnerships as we grow across the region.”
Yaki Razmovich, Managing Director of eToro Singapore and Asia, said,
“This achievement underscores our commitment to expanding our footprint in the APAC region. We are excited to be part of this dynamic market and to contribute to its growth by providing investors in Singapore with access to a wide range of financial instruments.
Our goal is to empower new and experienced investors alike through eToro’s unique products and user-friendly platform. We look forward to welcoming them to our vibrant, global community of 40 million registered users.”
Featured image: Edited by Fintech News Singapore, based on image by digitizesc via Freepik
