Israeli global equity crowdfunding platform OurCrowd has been awarded a full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). With the license, OurCrowd is now able to market its equity crowdfunding platform in Singapore.

Receipt of the license is part of OurCrowd’s targeting of Asia as a huge potential market for alternative investment in promising startups.

As part of this, last March Singapore’s United Overseas Bank (UOB) invested US$10 million (£7.66 million) in Jerusalem-based OurCrowd, which invests in startups with differentiated and highly scalable technology products and services.