Robinhood has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) to establish brokerage services in Singapore. This approval allows Robinhood to offer securities trading, exchange-traded derivatives, custody, product financing, and collective investment schemes. Singapore will serve as Robinhood's Asia-Pacific headquarters, facilitating its international expansion. While this IPA marks a significant step, it is not a formal license. Robinhood Singapore Pte. Ltd. must meet all necessary conditions to obtain full operational approval. Additionally, Robinhood's subsidiary, Bitstamp Asia Pte. Ltd., already holds a Major Payment Institution (MPI) license from MAS.