PANews reported on April 23 that, according to the Robinhood blog, the Monetary Authority of Singapore ( MAS ) has granted Robinhood Singapore Pte. Ltd. an In-Principle Approval ( IPA ) to provide securities brokerage services, paving the way for its comprehensive brokerage services in Singapore, including securities, exchange-traded derivatives, custody, financing, and collective investment products. Singapore will serve as Robinhood 's Asia-Pacific headquarters, complementing its subsidiary Bitstamp Asia Pte. Ltd.'s existing MAS Large Payment Institution ( MPI ) license, thus strengthening its presence in the Asia-Pacific region. The MAS emphasized that an IPA is not equivalent to a formal license, and Robinhood still needs to meet certain conditions; the regulator reserves the right to revoke the IPA .