VC Plus Will get In-Precept Approval to Present Custodial Companies for Digital Property

Funding agency VC Plus introduced that its subsidiary Custody Plus has obtained in-principle approval for a Capital Markets Companies (CMS) license from the Financial Authority of Singapore (MAS).

This permits Custody Plus to offer custodial providers for capital market merchandise, together with tokenised securities.

VC Plus had secured shareholders’ approval in April 2021 to diversify into the brand new enterprise of custodian for digital property and consultancy within the monetary and blockchain know-how sector.

Clarence Chong Heng Loong

Clarence Chong Heng Loong, Chief Government Officer of VC Plus stated,

“We firmly imagine that the clear regulatory framework in Singapore is vital to the progressive and sustainable improvement of Singapore as a digital property hub, instilling larger confidence and belief out there.

 

As a listed firm in Singapore, it’ll present further assurance to our clients to custodise their digital property with us.”