Alpaca Singapore Subsidiary Receives In-Principle Approval for CMS License from MAS

Alpaca Securities Pte. Ltd., the Southeast Asian headquarters of Alpaca, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license. Upon meeting final conditions, the company plans to offer brokerage and custody services to financial institutions and fintech firms in Southeast Asia. Alpaca noted that this in-principle approval does not yet authorize the provision of services.