Core Viewpoint - CWT International's subsidiary, Straits Millennium Pte Ltd, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, effective from September 1, 2025, allowing it to provide cross-border remittance and digital payment token services [1] Group 1: Company Developments - Straits Millennium Pte Ltd has received principal approval under the Payment Services Act 2019, enabling it to operate as a licensed payment service provider [1] - The MPI license will facilitate the exchange of digital payment tokens with fiat currencies in the financial market [1] Group 2: Strategic Implications - The board believes that the licensed services will enhance connectivity between traditional financial markets and emerging digital asset classes, leveraging the group's expertise in derivatives and commodities [1] - Operating within a compliant and secure ecosystem, Straits Millennium aims to position itself as a trusted financial service provider, addressing the growing demand for specialized access to digital assets [1]

Group 1 - CWT INT'L's subsidiary Straits Millennium Pte Ltd has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), effective from September 1, 2025 [1] - The MPI license allows Straits Millennium to provide cross-border remittance services and digital payment token services, facilitating the exchange of digital payment tokens with fiat currencies in the financial market [1] - The board believes that Straits Millennium's licensed services will enhance the connectivity between traditional financial markets and emerging digital asset classes, leveraging the group's expertise in derivatives and commodities [1] Group 2 - The operation of a regulated and efficient platform within a compliant ecosystem positions Straits Millennium as a trusted and mature financial service provider [1] - The company aims to meet the growing demand for specialized digital asset access among clients, complementing its existing trading and investment objectives [1]

Core Viewpoint - CWT INT'L's subsidiary, Straits Millennium Pte Ltd, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), effective from September 1, 2025, allowing it to provide cross-border remittance and digital payment token services [1] Group 1: Company Developments - Straits Millennium Pte Ltd received principle approval under the Payment Services Act 2019 earlier this year [1] - The MPI license enables Straits Millennium to facilitate the exchange of digital payment tokens with fiat currencies in the financial market [1] Group 2: Strategic Implications - The board believes that the licensed services will enhance the connectivity between traditional financial markets and emerging digital asset classes, leveraging the group's expertise in derivatives and commodities [1] - Operating within a regulated and secure ecosystem, Straits Millennium aims to position itself as a trusted provider of mature financial services, addressing the growing demand for specialized access to digital assets [1]