Sunrate, a global payments and treasury management platform headquartered in Singapore, has introduced new treasury solutions to help businesses with foreign exchange trading, hedging strategies, and products.

The “trading and hedging” solutions were launched through Sunrate Markets, which holds a capital markets services ( CMS ) licence from the Monetary Authority of Singapore ( MAS ).

"Being awarded the CMS licence by MAS was an important milestone, but it was even more critical for us to go-to-market with products and services that deliver significant value to our customers,” says Sunrate co-founder Joshua Bao. “With our vast experience in global payments and foreign exchange and the numerous product iterations based on customer feedback, we are confident that our customers will be able to leverage unparalleled global presence, accessing all their trading and hedging needs in one place."

Aside from the CMS licence, Sunrate also holds a licence from MAS as a major payment institution ( MPI ) for account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, and e-money issuance services.

The firm says its dual-licence status attests to its strong compliance and governance framework, credentials, and competencies, as well as know-how, while enhancing its capabilities in the area of global B2B payments and treasury management.

"With geopolitical risks set to affect the world economy and global businesses more than ever, it is imperative that we work even closer with our customers to apply various strategies to hedge and protect against any market volatility, especially in emerging markets,” says Yumi Zhang, head of global markets at Sunrate.

“In addition to the fast, secure, and cost-effective global B2B payment products and services that we offer, businesses, particularly those engaged in B2B trade, will appreciate the insights and stability that we can bring to them with our new offerings."

Founded in 2016, Sunrate partners with top global financial institutions, such as Citibank, Standard Chartered, Barclays, and J.P. Morgan, and is a principal member of Mastercard and Visa. Aside from its global business headquarters in Singapore, the firm has offices in Hong Kong, Jakarta, London, and Shanghai.