Futu Trustee (Singapore) Pte. Ltd., a subsidiary of Futu Holdings Limited announced that the Company has been accorded the Trust Business Licence from the Monetary Authority of Singapore. It marks yet another milestone for the Futu Group, followed by its another subsidiary company, Moomoo Financial Singapore Pte.

Ltd., a tech-driven online brokerage company becoming the first digital brokerage to obtain full memberships across the securities and derivatives markets from SGX. Futu Trustee Singapore's sister company, Futu Trustee Limited is licensed in Hong Kong since 2018 and has to date over 200 corporate and high-net-worth family clients from Asia. With the coveted Trust Business License being obtained in Singapore, Futu Trustee Singapore and Futu Trustee Limited, coupled with it's already extensive experience, is now able to provide a comprehensive range of trust services to Asia's and global high-net-worth clients looking for estate planning and wealth preservation in Singapore.

Futu Trustee is also now well poised to further entrench its presence in the trust and family offices services industry in Asia. Backed by a Nasdaq listed parent company with a solid financial position, Futu Trustee is well equiped to serve Asia's clients with its regional teams based in Greater China and Singapore sharing similar timezones, cultures, and languages with its clients. Futu Trustee's client-oriented philosophy provides hassle-free and customised solutions for clients and the administration of trust funds is not restricted to any asset class.

Futu Trustee's clients can also benefit from Futu's securities and wealth management offerings via Futu's online brokerage super-app,Futubull. The trust service offerings, together with Futu's investment and wealth management services platform, creates seamless synergies across the Futu Group.