NEW YORK & SINGAPORE, Sept 29 (Bernama) -- Alpaca, a global leader in agent-first brokerage and clearing infrastructure, today announced that its Southeast Asian headquarters, Alpaca Securities Pte. Ltd. (“Alpaca Singapore”), has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license, marking another milestone in Alpaca’s global expansion.
The IPA advances Alpaca’s strategy to deepen its presence in Southeast Asia and support financial institutions across the region through a locally regulated Singapore entity. Once licensed, Alpaca Singapore plans to provide brokerage and custodial services and serve as a local counterparty to prospective partners.