Moomoo Trustee (Singapore) Pte. Ltd. ("Moomoo Trustee Singapore" or "the Company"), a trust company in Singapore and a subsidiary of Futu Holdings Limited ("Futu") (Nasdaq: FUTU), received its Trust Business License from the Monetary Authority of Singapore in 2022.
This marks a significant milestone for the Futu Group, following the success of its sister company, Moomoo Financial Singapore Pte. Ltd. ("moomoo SG"), the first digital brokerage to obtain full memberships across the securities and derivatives markets from SGX and received prestigious industry awards, including Investment Tech of the Year and SIAS Best Retail Broker in 2024. It is also the first digital brokerage in Singapore to be named a Major Payment Institution with Exempt Financial Adviser Status, offering a wealth of crypto offerings spanning tokens, ETFs, funds and more, giving investors access to both traditional and non-traditional asset classes for optimal portfolio construction.
Moomoo Trustee Singapore is a trust company that committed to offering a comprehensive range of trust services tailored for high-net-worth individuals, families, and enterprises, with a specific focus on estate planning and wealth preservation.
Ms. Rachel Onn, Executive Director of Moomoo Trustee (Singapore) Pte. Ltd., said, "Increasingly, we are seeing more high-net-worth clients and companies looking to set up trust structures in Singapore due to its strong rule of law, political stability, and competitive business environment. The potential in the trust company market in Singapore is immense, and we are proud to be one of the 65 Trust Business Licensees approved by MAS in Singapore. We look forward to collaborating with industry partners to support this important and growing segment of the market."
Moomoo Trustee Singapore’s sister company, Futu Trustee Hong Kong, is licensed in Hong Kong. To date, it has more than 500 corporate and high-net-worth family clients from Asia.
Backed by a Nasdaq-listed parent company with a strong financial foundation, Moomoo Trustee Singapore is well-equipped to serve clients throughout Asia. As a Singapore trust company in the evolving wealth management landscape, Moomoo Trustee Singapore adopts a client-centric approach, providing tailored solutions and seamless administration of trust funds across various asset classes. We also extend support via our professional network and resources across legal, tax, and other domains as our clients' needs arise.
As a subsidiary of a leading fintech and trust company, Moomoo Trustee Singapore is committed to revolutionizing traditional trust businesses through advanced technology. This commitment is one of our key advantages over other trust companies in Singapore. Notably, our family trust digital platform significantly enhances the service experience for high-net-worth individuals and families, while prioritizing security and risk isolation for our users and clients.
Clients of Moomoo Trustee Singapore can also benefit from Futu's comprehensive securities and wealth management offerings through its user-friendly online brokerage super-app, Moomoo SG.