Straits Millennium, an Affiliate of CWT International, Secures Major Payment Institution License from MAS

Reuters09-01

Straits Millennium, an Affiliate of CWT International, Secures Major Payment Institution License from MAS

CWT International Ltd. has announced that its subsidiary, Straits Millennium Pte Ltd, a member of the Straits Financial Group, has secured a Major Payment Institution License from the Monetary Authority of Singapore. This license, effective from 1 September 2025, authorizes Straits Millennium to offer cross-border money transfer services and digital payment token services. This strategic move allows the subsidiary to facilitate the exchange of digital payment tokens and fiat currencies, bridging traditional financial markets with the evolving digital asset sector. Straits Millennium aims to provide a regulated and secure platform, leveraging the expertise of the broader Straits Financial Group in areas such as derivatives and commodities, to meet increasing client demands for digital asset access.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CWT International Ltd. published the original content used to generate this news brief on September 01, 2025, and is solely responsible for the information contained therein.

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