SG Digest: Binance acquires stake in HGX; Revolut gets CMS licence from MAS

SG Digest: Binance acquires stake in HGX; Revolut gets CMS licence from MAS

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

Binance Asia Services has acquired a post-money 18% stake in Singapore-regulated private securities exchange Hg Exchange (HGX). Meanwhile, British fintech Revolut has obtained a Capital Market Services licence from the Monetary Authority of Singapore (MAS).