The Monetary Authority of Singapore (MAS) has launched an investigation into DW Capital Holdings, a family office linked to the "Prince Group." Founded by Chen Zhi in 2018, the firm manages over 60 million SGD in assets and claims tax exemptions under the MAS 13X scheme. Its investments include 10 million SGD in car financing, 30 million SGD in boutique winemaking, and 20 million SGD in yacht management. MAS is currently examining whether any regulatory breaches have occurred.