Lion Group relocates to Singapore after being approved by MAS

Rick Steves

Lion offers contract-for-difference (CFD) trading, insurance brokerage, futures brokerage, and securities brokerage on its platform. The group is also a developer of new growth products that include SPAC sponsorship, NFT, and Metaverse-related initiatives.

“Natural Innovation” approach to FinTech

Lion Group has relocated its headquarters to Singapore as the operator of an all-in-one trading platform sought to move to a major financial center with low tax rates and a sizable trading industry.

The Nasdaq-listed fintech offers a wide range of products, including total return service (TRS) trading, contract-for-difference (CFD) trading, insurance brokerage, and futures and securities brokerage.

It also boasts a SPAC sponsorship team to become a leader in the SPAC arena and is fully committed to building a one-stop, cross-chain, high-expansion non-fungible token (NFT) marketplace and entering metaverse space through blockchain technology.

The new headquarters address is: 3 Phillip Street, #15-04 Royal Group Building, Singapore 048693, phone: +65 88773871.

Lion holds license to deal ETP and OTC derivatives, and spot FX for leveraged trading

Wang Chunning (Wilson), Chief Executive Officer of Lion, commented: “Singapore is one of the major financial centers in the world, with stable political policies, economic growth and social environment, along with a low tax rate. It has also developed a sizeable foreign trade, financial industry and banking industry, which will benefit long-term growth opportunities for Lion. To enhance fund security and investor confidence, Lion International Financial (Singapore) Pte Ltd., a subsidiary of the Company, obtained a capital market service license issued by the Monetary Authority of Singapore in October 2021. We believe our corporate relocation enables Lion to explore new business opportunities in Southeast Asia as part of our strategic expansion plan.”

In October 2021, Lion Group announced its Singapore subsidiary has been granted a Capital Markets Service License from the country’s financial watchdog, MAS.

The Monetary Authority of Singapore’s CMS License allows Lion Singapore to deal in exchange-traded derivatives contracts, over-the-counter derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading.

Lion Group now has licenses in Hong Kong, Singapore, Cayman Islands, and Dubai as the firm expands globally. The company intends to establish its new office and have dual headquarters in Hong Kong and Singapore.

A significant share of its customers is comprised of “well-educated and affluent Chinese individual investors residing both inside and outside the PRC as well as institutional clients in Hong Kong”.

Earlier this year, Lion Group completed the acquisition of 100% of Lion Fintech Group Limited, which holds 70% voting rights and economic interest in Royal Lion Investment Limited, a company incorporated in the Cayman Islands, which holds 100% interest in Royal Lion Middle East DMCC, which is licensed to carry out proprietary trading in crypto-commodities through the Dubai Multi Commodities Centre (“DMCC”).

Royal Lion Middle East DMCC is the license holder with DMCC that supports FIAT currency. This transaction will allow Lion’s clients to exchange FIAT currencies with crypto currencies on an efficient and secure platform.

Read this next

Digital Assets

Solana-powered game DeFi Land launches Play-and-Earn features

The Play-and-Earn mechanics announcement comes on the heels of a collab between DeFi Land and STEPN. DeFi Land will soon announce chain integrations, an alpha mobile version, and a multichain feature. 

Retail FX

Spotware rolls out Manager’s API for cTrader brokers

Spotware Systems, a technology provider for the electronic trading industry, has released its new Manager’s API for Brokers, providing powerful tools for server-server integration.

Metaverse Gaming NFT

Dubai Museum taps Binance to jump onto NFT bandwagon

Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, is joining forces with Binance NFT to roll out a range of digital products on blockchain.

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

<