Straits Millennium Awarded Major Payment Institution License from MAS, Delivering Digital Asset Offerings

SINGAPORE, Sep. 1, 2025 - Straits Millennium Pte Ltd ("Straits Millennium"), a member of the Straits Financial Group, today announced that it has obtained a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019 following its in-principle approval earlier this year. This milestone enables Straits Millennium to offer digital payment token services, reinforcing its position as a key participant in Singapore's rapidly evolving digital asset ecosystem.

A Pivotal Step Forward in Digital Assets

As a member of the Straits Financial Group of companies – whose members provide financial services on a global scale, specializing in commodities, derivatives, and financial brokerage, Straits Millennium strengthens the Group’s ability to bridge the gap between traditional financial markets and digital assets. This MPI license expands the Group’s financial services capabilities, with the aim of enabling businesses and institutional investors to navigate the complexities of digital asset transactions with confidence.

Straits Millennium will provide market participants with a regulated and efficient platform to facilitate the exchange of digital payment tokens and fiat currencies, ensuring competitive trade execution and adherence to industry best practices. Its approach to digital asset services is anchored in compliance, security, and institutional-grade risk management.

Jeremy Ang, Group CEO of Straits Financial Group, conveyed eagerness about this landmark moment: “This is a key milestone for the Group to strengthen its offerings in bespoke financial services to our esteemed clients. Our clients increasingly seek professional access to digital assets to complement their trading and investment goals. With our deep expertise in derivatives, commodities, and institutional financial services, we are well-positioned to deliver best-in-class digital asset services to the market.”

Chew Min Wei, Head of Digital Assets at Straits Millennium, emphasized the market opportunity: “We have built strong, lasting relationships with our clients in traditional finance, and now we are bringing that same client-centric approach to digital assets.”

This regulatory approval significantly establishes Straits Millennium as a licensed digital payment token service provider, enabling the company to build a secure and regulated ecosystem for industry players who require reliability, transparency, and scalability in their digital asset operations.

About Straits Millennium

Straits Millennium is a Singapore-based digital asset financial services firm and a subsidiary of Straits Financial Group Pte Ltd. With a strong focus on regulatory compliance, institutional-grade security, and financial innovation, the company aims to bridge the gap between traditional finance and digital assets, offering seamless digital asset financial solutions tailored for today’s evolving financial landscape.

About Straits Financial Group

At Straits Financial Group, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfil the needs of every trader.

With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Group is headquartered in Singapore, and serves as the financial services arm of the CWT Group. We have established a global footprint through our presence in the United States, Indonesia, and Singapore and will continue to expand into key financial and commodity markets.

For more information, please visit our website at https://www.straitsfinancial.com

About CWT Group

CWT Pte. Limited, headquartered in Singapore, is a multinational corporation providing integrated logistics, commodity marketing, engineering, and financial services. It is privately held by CWT International Limited (HKEX: 521) and employs around 6,000 people worldwide. For more information, please visit our website at https://www.cwtlimited.com