M-DAQ Global Secures CMS Licence to Deepen Cross-border Foreign Exchange Expertise

[10 December 2024, Singapore] - M-DAQ Global, a leading fintech group specialising in cross-border FX and payment solutions, announced today that its subsidiary, M-DAQ Market Solutions Pte. Ltd. (“M-DAQ Market Solutions”), has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). This milestone marks a significant advancement in the Group's mission to deliver innovative cross-border solutions by leveraging its extensive expertise in foreign exchange (FX).

The CMS licence allows M-DAQ Market Solutions to deal in capital market products that are over-the-counter (OTC) derivatives contracts, as defined under the Securities and Futures Act 2001. The company is poised to enhance its capabilities in delivering bespoke FX and risk management solutions that empower businesses to navigate global markets with greater efficiency and confidence.

“Securing the CMS licence strengthens our ability to meet the FX risk management needs of our growing pool of clients,” said Richard Koh, Founder and Group CEO of M-DAQ Global. "We have built a strong foundation of FX expertise serving B2C E-Commerce leaders. With this licence, we can broaden our capabilities to support B2B applications with more complex requirements and longer settlement periods. The CMS licence, along with our Major Payment Institution (MPI) licence, will allow us as a Group to provide holistic and end-to-end solutions to help businesses manage currency exposure, collect and pay globally, and navigate market volatility with confidence.”

With the CMS licence, M-DAQ Market Solutions is well-positioned to be a trusted provider of bespoke FX solutions, delivering tools to manage risks, access liquidity, and optimise pricing in a secure and regulated environment.

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