TradeTogether, a company specialising in digital asset management, has been granted in-principle approval for a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS).
The approval allows the firm to move forward in meeting regulatory conditions required for full licensing.
TradeTogether plans to expand its fund management activities once it secures the full license, including discretionary mandates for tokenised capital market products under Singapore’s regulatory framework.
Originally starting as a robo-advisor for cryptocurrency asset management, TradeTogether has been involved in MAS’ Project Guardian, focusing on regulated tokenisation.
The company has secured institutional mandates and aims to surpass $100 million in assets under management.
TradeTogether is backed by co-investors including Orbit Startups, Tenity, Boleh Ventures, and XVC Tech, alongside individual investors such as Samuel Rhee, Reuben Lai, and Mx Kuok.
Other investors include E. Baba de Rothschild, Chandrima Das, Nicolas Gallet, David Bachelier, and Darren Camas.
The approval from MAS comes as demand increases for regulated tokenised investment structures.
This shift aligns with MAS’ regulatory direction, with TradeTogether focusing more on tokenised capital market products rather than purely digital assets.
TradeTogether plans to concentrate on tokenised capital market products and aims to provide access to tokenised real-world assets through partnerships with financial institutions.
The company intends to launch its business-to-business services in late 2025.
“We have always believed that operating within a regulated framework is not optional—it is essential. From the earliest stages, we have worked diligently to meet the stringent requirements set by a regulator as reputable as MAS.
Securing this in-principle approval is a major milestone for us—it validates our commitment and strengthens our ambition to expand our presence in the market,”
said Geoff Ira, CEO & Co-Founder of TradeTogether.
Featured image credit: Edited from Freepik
