Robinhood Gets Singapore Regulatory OK for Brokerage Service

Robinhood Markets Inc. received an initial regulatory stamp of approval in Singapore to offer brokerage services, further expanding the financial-technology company’s global footprint.

The Monetary Authority of Singapore gave Robinhood in-principle approval to start the trading of securities and exchange-traded derivatives as well as offering custody services, product financing and collective investment funds, the company said in a statement seen by Bloomberg News.