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TradeTogether has achieved a significant regulatory milestone, securing in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), the Singapore-based digital asset management firm said in a statement on Wednesday.
This provisional license paves the way for TradeTogether to operate as a regulated fund manager in Singapore, specializing in tokenized capital market products. The firm will now work towards fulfilling remaining regulatory conditions to obtain full licensing, enabling them to significantly expand their fund management activities.
TradeTogether said it is focusing on offering discretionary mandates for tokenized capital market products, operating within Singapore's robust regulatory framework for securities and digital assets.
This development marks a strategic evolution for TradeTogether, which initially launched as a robo-advisor specializing in cryptocurrency asset management. The company has been actively involved in MAS' Project Guardian, a collaborative initiative exploring the potential of tokenization and decentralized finance under regulatory oversight.
With the CMS license in sight, TradeTogether is aiming for substantial growth in its assets under management (AUM), targeting to surpass $100 million. The company has already secured institutional mandates, demonstrating early market confidence in its regulated approach to digital asset management.
"We have always believed that operating within a regulated framework is not optional—it is essential," stated Geoff Ira, CEO and co-founder of TradeTogether. "From the earliest stages, we have worked diligently to meet the stringent requirements set by a regulator as reputable as MAS. Securing this in-principle approval is a major milestone for us—it validates our commitment and strengthens our ambition to expand our presence in the market.”
TradeTogether boasts a strong backing from a diverse group of co-investors, including Orbit Startups, Tenity, Boleh Ventures, and XVC Tech. Notable individual investors also support the firm, including Samuel Rhee, Reuben Lai, Mx Kuok, E. Baba de Rothschild, Chandrima Das, Nicolas Gallet, David Bachelier, and Darren Camas.
TradeTogether is targeting a late 2025 launch for its business-to-business (B2B) services, aiming to capitalize on the increasing institutional interest in regulated tokenized investment solutions.
