According to official sources, EddidFinancial Singapore Pte, a wholly-owned subsidiary of Hong Kong financial group EddidFinancial, is located in Singapore. Ltd. has received principle approval from the Monetary Authority of Singapore (MAS) for its capital market services license application. After the license is officially approved, it can provide clients with capital market product trading, product financing, custody services, and more. Ed Financial stated that in the future, it will actively expand its local business scope to virtual assets, corporate financing, and fund management, and will set up an office in Singapore.