Benzinga | Jun 25, 2021 05:36AM EDT

UP Fintech Holding Announced its Singapore Subsidiary, Tiger Brokers, Received Approval-in-Principle Regarding Securities Trading and Clearing in Singapore

UP Fintech Holding Limited (NASDAQ:TIGR) today announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. or ("TBSPL") has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited ("CDP"). TBSPL also received approval-in-principle from Singapore Exchange Securities Trading Limited ("SGX") as well as Singapore Exchange Derivatives Trading Limited for admission as a trading member.

The Company expects to use these approvals-in-principle to improve the user experience and services it offers to clients. TBSPL looks forward to developing its partnerships with CDP and SGX and strengthening its presence in the Singapore market.