UP Fintech Holding Limited (NASDAQ:TIGR), a leading online brokerage firm focusing on global investors, also known as Tiger Brokers, today made an announcement regarding its Singaporean business.

UP Fintech said that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (CDP). Tiger Brokers (Singapore) also received approval-in-principle from Singapore Exchange Securities Trading Limited (SGX) as well as Singapore Exchange Derivatives Trading Limited for admission as a trading member.

The company expects to use these approvals-in-principle to improve the user experience and services it offers to clients. Tiger Brokers (Singapore) looks forward to developing its partnerships with CDP and SGX and strengthening its presence in the Singapore market.