CWT International Ltd. has announced that its subsidiary, Straits Millennium Pte Ltd, a member of the Straits Financial Group, has secured a Major Payment Institution License from the Monetary Authority of Singapore. This license, effective from 1 September 2025, authorizes Straits Millennium to offer cross-border money transfer services and digital payment token services. This strategic move allows the subsidiary to facilitate the exchange of digital payment tokens and fiat currencies, bridging traditional financial markets with the evolving digital asset sector. Straits Millennium aims to provide a regulated and secure platform, leveraging the expertise of the broader Straits Financial Group in areas such as derivatives and commodities, to meet increasing client demands for digital asset access.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.