Robinhood lands MAS in-principle approval for Singapore brokerage covering securities and derivatives, with crypto notably absent
Robinhood •
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Promote with Leviathan NewsBitstamp Asia (Robinhood subsidiary) already holds an MAS MPI license for payments, so the crypto footprint in Singapore is walled off in that entity. The securities+derivatives filing keeps the brokerage vehicle clean of the DTSP framework that came into force June 2025, where MAS said new DTSP licenses would only issue in "extremely limited circumstances." Capital.com is moving through the same retail brokerage track right now without crypto — nobody in Singapore is trying to run one MAS-licensed entity that trades both securities and DPTs under current FSMA rules.
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