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Taken from Stashaway website today:
Your cash deposits are held in a Trust Account at DBS Bank while your investable cash and securities are held in a custodian account through Saxo Capital Markets Pte Ltd or Lion Global for Simple.
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I didnt know this as well....
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They are having an event at SGX today, can ask them.. any idea if citibank n anz is regulated the same in SG? i only know citibank is a D-SIB of sg while ANZ is not.