FOMO Group, a Singapore-based financial holding group, has recently completed the acquisition of CapBridge Pte Ltd (CapBridge) and 1X Exchange Pte Ltd (1exchange), positioning itself as a leading digital asset provider in Asia. This strategic move has been approved by the Monetary Authority of Singapore, granting FOMO Group the necessary licenses to expand its fully-integrated digital payment and digital asset solutions.
With the acquisition of CapBridge, a capital markets service and asset custody firm, and 1exchange, a private securities exchange company, FOMO Group strengthens its position in the digital asset market. The deal allows FOMO Group to secure Capital Markets Services (CMS) License and Recognized Market Operator (RMO) License in Singapore, further solidifying its regulatory compliance and credibility.
By successfully obtaining these licenses, FOMO Group demonstrates its commitment to compliance and becoming a trusted digital asset provider. The company can now operate as a fully-regulated entity in Singapore, catering to the increasing demand for digital asset solutions in the region.
As a result of this acquisition, FOMO Group is now equipped to offer a comprehensive suite of services to its clients, encompassing capital market facilitation, asset custody, digital payment solutions, and private securities exchange. This integrated approach enables FOMO Group to provide end-to-end solutions that meet the evolving needs of businesses and investors in the digital economy.
The move also strengthens FOMO Group’s ability to tap into the growing digital asset market in Asia, which has witnessed significant growth and adoption in recent years. With its expanded capabilities, FOMO Group is well-positioned to seize opportunities in this dynamic market and provide innovative solutions to its clients.
FOMO Group’s acquisition of CapBridge and 1exchange reflects its vision of becoming a dominant player in the digital asset space in Asia. The company’s emphasis on regulation, security, and compliance fosters trust among its clients while ensuring a robust and transparent digital asset ecosystem.
By adhering to the guidelines set forth by the Monetary Authority of Singapore, FOMO Group is paving the way for the mainstream adoption of digital assets. With its comprehensive range of services and regulatory compliance, FOMO Group is set to revolutionize the digital asset landscape in Asia.
The acquisition reinforces FOMO Group’s commitment to providing tailored solutions to its clients, facilitating the seamless integration of digital assets into their business operations. With the licenses in place, FOMO Group is poised to drive financial innovation and reshape the digital asset industry in Asia.
