Key Takeaways
- • TradeTogether, a Singapore digital asset manager, received in-principle approval for a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS), the next step toward full licensing.
- • Upon full licensure, TradeTogether plans to expand fund management, including discretionary mandates for tokenised capital market products under Singapore's regulatory framework.
- • The firm has secured institutional mandates and aims to surpass $100 million in assets under management.
- • The company has pivoted from a crypto robo-advisor model toward regulated tokenised capital market products, and has been involved in MAS' Project Guardian.
- • TradeTogether plans to launch its business-to-business services in late 2025.
Summary
TradeTogether, a company specialising in digital asset management, has been granted in-principle approval for a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS), according to Fintech Singapore. The approval allows the firm to move forward in meeting the regulatory conditions required for full licensing.
The firm plans to expand its fund management activities once it secures the full license, including discretionary mandates for tokenised capital market products under Singapore's regulatory framework. TradeTogether originally started as a robo-advisor for cryptocurrency asset management and has since been involved in MAS' Project Guardian, which focuses on regulated tokenisation. The company has secured institutional mandates and aims to surpass $100 million in assets under management.
The company's strategic direction reflects MAS' regulatory approach. TradeTogether is shifting its focus toward tokenised capital market products rather than purely digital assets, and aims to provide access to tokenised real-world assets through partnerships with financial institutions. The approval comes as demand grows for regulated tokenised investment structures.
TradeTogether is backed by co-investors including Orbit Startups, Tenity, Boleh Ventures, and XVC Tech, along with individual investors Samuel Rhee, Reuben Lai, and Mx Kuok. Other investors include E. Baba de Rothschild, Chandrima Das, Nicolas Gallet, David Bachelier, and Darren Camas. The company intends to launch its business-to-business services in late 2025.
CEO and Co-Founder Geoff Ira said: "We have always believed that operating within a regulated framework is not optional—it is essential. 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."
The firm plans to expand its fund management activities once it secures the full license, including discretionary mandates for tokenised capital market products under Singapore's regulatory framework. TradeTogether originally started as a robo-advisor for cryptocurrency asset management and has since been involved in MAS' Project Guardian, which focuses on regulated tokenisation. The company has secured institutional mandates and aims to surpass $100 million in assets under management.
The company's strategic direction reflects MAS' regulatory approach. TradeTogether is shifting its focus toward tokenised capital market products rather than purely digital assets, and aims to provide access to tokenised real-world assets through partnerships with financial institutions. The approval comes as demand grows for regulated tokenised investment structures.
TradeTogether is backed by co-investors including Orbit Startups, Tenity, Boleh Ventures, and XVC Tech, along with individual investors Samuel Rhee, Reuben Lai, and Mx Kuok. Other investors include E. Baba de Rothschild, Chandrima Das, Nicolas Gallet, David Bachelier, and Darren Camas. The company intends to launch its business-to-business services in late 2025.
CEO and Co-Founder Geoff Ira said: "We have always believed that operating within a regulated framework is not optional—it is essential. 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."
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