US Digital Family Office Gets Clearance For Singapore Launch

Tom Burroughes

19 July 2024

, a digital family office for US Accredited Investors, has obtained a regulatory green light approval to launch in Singapore. Arta plans to open its platform for Singaporean residents and others investing through Singapore later this year.

The firm, which is dual-headquartered in the US and Singapore, is a registered investment advisor in the US. (See a story from last October about this RIA.)

The launch comes after Arta raised it first funding and entered public view and came out of its “stealth” phase in 2022 with more than $120 million ($90 million) from Peak XV (formerly Sequoia Capital India & SEA), Ribbit, Coatue, and more than 140 tech and finance figures, including Google’s former CEO and chairman Eric Schmidt.

“Singapore’s rise as a global capital of wealth makes it an ideal location for innovation and financial technology. Launching Arta in Singapore allows us to serve investors globally through this highly trusted financial hub,” Caesar Sengupta, CEO and co-founder of Arta Finance, said.

Arta says it uses technology to open access to alternative assets, and unlock liquidity through lines of credit for eligible members. It also uses AI for investing in public markets.

“Combining advanced financial strategies with AI is the type of visionary thinking that brings about real step-function change. I am so impressed with what Arta has built by applying advanced AI and to investing strategies,” Schmidt said.