TLDR: True Global Ventures (TGV) has been granted a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS), allowing the firm to significantly broaden its fund management activities beyond traditional venture capital, including investments in public companies focused on artificial intelligence and blockchain.
Singapore, August 18, 2025 – True Global Ventures 4 Plus Pte. Ltd. (TGV), a prominent global venture capital firm, announced today that it has successfully obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). This pivotal regulatory approval empowers TGV to expand its fund management operations significantly, moving beyond its previous scope of venture capital fund management under the Securities and Futures Act 2001 (SFA).
The new CMS licence designates TGV as a Licensed Fund Management Company (LFMC) for accredited investors, enabling it to manage a wider array of regulated investment funds directly from Singapore. This strategic enhancement reinforces TGV’s standing as a global leader in venture capital and underscores its unwavering commitment to robust governance, stringent compliance, and comprehensive investor protection.
With the CMS licence now in effect, TGV is poised to introduce several new investment strategies, complementing its existing venture capital mandate. These include:
Continuation Funds: Designed to provide additional growth capital to proven, high-performing portfolio companies, offering investors the option for continued participation in later stages, including pre-IPO companies. These funds can invest in both primary rounds and secondaries, free from the constraints of TGV’s prior Venture Capital Fund Management (VCFM) license.
Fund of Funds: Aimed at diversifying investor portfolios by allocating capital to top-tier venture capital managers across various regions and sectors, leveraging TGV’s extensive global networks.
Public Companies Investments: A strategic move to selectively invest in listed companies that align with TGV’s core thematic focus on artificial intelligence (AI) and blockchain technologies, allowing investors to capitalize on opportunities across both private and public markets.
Crypto Funds: Building on TGV’s strong track record in the blockchain space, these funds will offer professionally managed exposure to digital assets, underpinned by institutional-grade governance and risk management.
Beatrice Lion, CEO of TGV, expressed her satisfaction with the achievement, stating, “We are honored to receive the CMS licence from MAS, which underscores our commitment to the highest standards of compliance and governance. This milestone allows us to build on True Global Ventures’ successful track record and immediately begin making unlimited secondary investments in our existing portfolio, no longer constrained by our previous VCFM licence.”
Dušan Stojanović, Founder of TGV, added, “With the expanded licence, all the aforementioned investment strategies become potential avenues for our future fund management. However, we will maintain our core focus on equity funds, typically ranging from $100 million to $200 million, where we have consistently delivered exceptional returns, ranking among the top 3% of global venture capital funds of our vintage.”
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True Global Ventures is renowned for its investment in serial entrepreneurs, particularly within innovation-driven sectors such as artificial intelligence and blockchain technology. The firm’s TGV 4 Plus fund is specifically dedicated to AI and Blockchain companies, primarily deploying capital in late-stage Series B and C rounds across AI, Entertainment, Technology Infrastructure, and Financial Services. TGV’s portfolio companies often leverage Web3 technologies, integrating AI and blockchain as competitive advantages to drive transformative change with proven products. The firm maintains a significant global presence, with offices in key technology hubs including Singapore, Hong Kong, Dubai, London, Stockholm, Paris, New York, and San Francisco.
