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CWT International Secures Major Payment Institution License

Story Highlights
  • CWT International’s subsidiary obtained a Major Payment Institution License.
  • The license enhances CWT’s position by integrating traditional and digital financial services.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CWT International Secures Major Payment Institution License

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The latest update is out from CWT International Limited ( (HK:0521) ).

CWT International Limited announced that its subsidiary, Straits Millennium Pte Ltd, has obtained a Major Payment Institution License from the Monetary Authority of Singapore. This license allows the company to provide cross-border money transfer and digital payment token services, enhancing its position in the financial market by bridging traditional financial services with emerging digital assets, thus meeting growing client demand for digital asset access.

More about CWT International Limited

CWT International Limited, incorporated in Hong Kong, operates through its subsidiary Straits Millennium Pte Ltd, part of the Straits Financial Group. The company is involved in financial services, focusing on derivatives, commodities, and the integration of traditional financial markets with digital assets.

YTD Price Performance: 306.67%

Average Trading Volume: 11,729,290

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.48B

For a thorough assessment of 0521 stock, go to TipRanks’ Stock Analysis page.

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