Alpaca, a global leader in agent-first brokerage and clearing infrastructure, today announced that its Southeast Asian headquarters, Alpaca Securities Pte. Ltd. (“Alpaca Singapore”), has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license, marking another milestone in Alpaca’s global expansion.

The IPA advances Alpaca’s strategy to deepen its presence in Southeast Asia and support financial institutions across the region through a locally regulated Singapore entity. Once licensed, Alpaca Singapore plans to provide brokerage and custodial services and serve as a local counterparty to prospective partners.

“As financial institutions across Southeast Asia look to meet growing customer demand for international investing, Singapore is a natural hub for connecting the region’s investors to global markets,” said Rohit Mulani, President of Alpaca Southeast Asia. “This milestone strengthens our ability to support institutions locally with global brokerage infrastructure, regional expertise, and a strong regulatory foundation. We’re excited to help our partners expand the markets and investment products available to their customers and shape the next era of investing across Southeast Asia.”

Singapore is a strategic hub for Alpaca’s operations and continued growth across Southeast Asia, supported by an established local team led by industry veteran, David Grant, CEO of Alpaca Singapore.

Alpaca’s expansion in Singapore is grounded in the same commitment to regulatory compliance that underpins its infrastructure globally and builds on its broad regulatory footprint, which spans the U.S., U.K., 30 countries across the European Economic Area (EEA), Japan, India, and The Bahamas. Across these markets, Alpaca supports fintechs and financial institutions with locally regulated access to its brokerage infrastructure. Today, Alpaca serves partners in more than 50 countries worldwide.

About Alpaca

Alpaca is a global agent-first brokerage and clearing infrastructure that powers access to traditional and on-chain asset classes. Today, Alpaca supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 50 countries, backed by $400 million in funding.

An in-principle approval (IPA) reflects MAS' view that a licence may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for Alpaca Securities Pte. Ltd. to provide brokerage and custodial services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.

This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Alpaca is not registered or licensed, as applicable.

All investments involve risk; for more information, please see our Disclosure Library.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260928293053/en/

Singapore is a strategic hub for Alpaca’s operations and growth across Southeast Asia. The MAS IPA brings us closer to supporting institutions locally with global brokerage infrastructure, regional expertise, and a strong regulatory foundation.