Crowdfunding firm CoAssets has been granted by the Monetary Authority of Singapore a Capital Markets Services (CMS) licence to run crowdfunding within the city-state, reported Business Times.
Listed on the Australian Securities Exchange, CoAssets specialises in facilitating funding for small and medium enterprises as well as real estate.
“Singapore is a key market and one of the major revenue contributors to the CoAssets Group,” it said.
“The CMS licence will now allow the company to start re-engaging its 55,000-plus users in Singapore, and further cement the company’s reputation as the first-listed crowdfunding platform in Asia.”
This article was edited by Denise Djong.