According to official news, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong financial group Ed Financial, has been approved in principle by the Monetary Authority of Singapore (MAS) for a capital markets service license. After the license is officially approved, it can provide customers with capital markets product trading, product financing, custody services, etc. Ed Financial said that in the future, it will actively expand its local business to virtual assets, corporate financing and fund management, and will set up an office in Singapore.