Following our report from May that it had hired ABN Amro / Essence Group alum Yaki Razmovich to head Asia out of new offices in Singapore, trading and investing platform eToro (NASDAQ:ETOR) has announced that it has received and activated its Capital Markets Services license from the Monetary Authority of Singapore (MAS).

Yoni Assia, Co-Founder & CEO, eToro said,

“This is an important milestone for eToro. Singapore is one of the most dynamic financial markets in Asia-Pacific and a gateway to global capital flows. By activating our CMS licence, we are advancing our mission to open the world’s markets, connect investors to leading voices, and give everyone the tools they need to grow their knowledge and wealth. We’re proud to be part of Singapore’s fintech ecosystem and look forward to continuing to work closely with regulators, while investing in local talent and partnerships as we grow across the region.”

The CMS license will allow eligible retail investors in Singapore to access stocks from more than 20 of the world’s leading stock exchanges, exchange-traded funds, and derivatives on eToro’s social investing platform.

Yaki Razmovich, Managing Director of eToro Singapore and Asia, said,

“This achievement underscores our commitment to expanding our footprint in the APAC region. We are excited to be part of this dynamic market and to contribute to its growth by providing investors in Singapore with access to a wide range of financial instruments. Our goal is to empower new and experienced investors alike through eToro’s unique products and user-friendly platform. We look forward to welcoming them to our vibrant, global community of 40 million registered users.”

About eToro

eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest.