Doo Financial Expands Regulatory Reach with Offshore Licenses in BVI and Cayman Islands

According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).

BVI FSC License for Doo Financial Fund Management

One of the significant developments in this expansion is the license awarded to Doo Financial Fund Management (BVI) Limited (DF BVI). DF BVI has been granted the Certificate of Approval for Investment Managers (IBR/AIM/24/2085) by the BVI FSC, authorizing the entity to operate as an investment adviser or manager for private funds, professional funds, or closed-end funds. This authorization follows Regulation 9 of the Investment Business (Approved Investment Managers) Regulations 2012, ensuring compliance with the highest standards of offshore fund management.

With this license, DF BVI is now empowered to offer a range of investment management services, catering to sophisticated investors and institutional clients. This move marks a significant step in the companys strategy to provide comprehensive and tailored investment solutions for the global market, with an emphasis on private fund management.

CIMA License for Doo Selected SPC Fund

In another notable achievement, Doo Selected SPC Fund, a key entity of Doo Financial, has received a public fund license from the Cayman Islands Monetary Authority (CIMA). The fund's public fund registration number is 2147585. This license will enable Doo Selected SPC Fund to offer flexible public fund management services under the oversight of CIMA, a highly respected financial regulatory body in the offshore jurisdiction.

Doo Selected SPC Fund plans to utilize its new regulatory status to capture growth opportunities in international markets while maintaining a strong focus on risk management. The license will also allow the firm to provide public fund offerings to a diverse range of clients, further cementing its role in the global financial landscape.

A Global Network of Regulatory Approvals

The recent acquisitions of licenses in the BVI and the Cayman Islands add to the growing list of regulatory approvals already held by Doo Financial. The company is regulated by several prestigious financial authorities worldwide, including:

United States: Securities and Exchange Commission (US SEC) and Financial Industry Regulatory Authority (US FINRA)

Australia: Australian Securities and Investments Commission (AU ASIC)

Hong Kong: Securities and Futures Commission (HK SFC)

Singapore: Monetary Authority of Singapore (SG MAS)

Malaysia: Labuan Financial Services Authority (MY Labuan FSA)

Indonesia: Commodity Futures Trading Regulatory Authority (BAPPEBTI)

Additionally, Doo Financial recently expanded its regulatory footprint through the acquisition of Prima Tangguharta Futures, enhancing its operational capacity and ensuring its compliance with international standards.

Strategic Growth and Global Expansion

Doo Financial's global strategy focuses on broadening its service offerings and enhancing its regulatory compliance to serve clients in a rapidly evolving financial market. With new licenses in the BVI and the Cayman Islands, the firm is poised to expand its investment management capabilities, both in public and private fund sectors.

By holding regulatory licenses across multiple jurisdictions, including some of the most recognized financial centers globally, Doo Financial aims to solidify its position as a trusted brokerage firm offering a range of investment products and services to both retail and institutional investors.

As Doo Financial continues to grow its international presence, these new offshore licenses reflect the firms commitment to meeting the demands of global investors while ensuring transparency, security, and regulatory compliance.

Conclusion

Doo Financial‘s successful acquisition of offshore licenses from the British Virgin Islands and Cayman Islands marks a significant milestone in the company’s ongoing global expansion. With a robust regulatory framework in place across numerous jurisdictions, Doo Financial is well-positioned to capitalize on international investment opportunities while maintaining high standards of risk management and compliance. As the firm continues to expand its footprint, clients worldwide can expect a wider array of investment products and services backed by industry-leading regulatory oversight.