Robinhood Secures In-Principle Approval to Launch Brokerage in Singapore

Robinhood Secures In-Principle Approval to Launch Brokerage in Singapore

In-principle approval from the Monetary Authority of Singapore marks a key milestone in Robinhood's international expansion and commitment to the Asia-Pacific region

In a milestone for our international expansion, Robinhood has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to offer brokerage services.

"Singapore's world-class regulatory environment, high rates of digital adoption, and growing population of retail investors make it the ideal hub for our mission," said Patrick Chan, Head of Asia for Robinhood. "We see enormous potential to democratize the financial markets for a new generation of investors in Singapore."

The IPA paves the way for Robinhood to offer a comprehensive suite of brokerage services in Singapore, including trading of securities, exchange-traded derivatives, custody, product financing, and collective investment funds.

Singapore serves as Robinhood's Asia-Pacific headquarters, supporting our broader goal of building the world's leading financial ecosystem. Our presence in the region is further strengthened by our subsidiary, Bitstamp Asia Pte. Ltd., which holds a Major Payment Institution (MPI) license from the MAS.

By establishing a local footprint, Robinhood aims to provide investors in Singapore with the tools and access they need to participate in the global economy, furthering our mission to democratize finance for all.

An in-principle approval (IPA) reflects MAS' view that a license may be issued to the applicant, Robinhood Singapore Pte. Ltd. ("RHSG"), upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for RHSG to provide brokerage services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.

About Robinhood

Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Headquartered in Menlo Park, California, Robinhood puts customers in the driver's seat, delivering unprecedented value and products intentionally designed for a new generation of investors.