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MAS engaging Chocolate Finance to ensure orderly customer withdrawals

The company says that all customers’ investment funds are securely held in ‘segregated, ringfenced accounts’

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Crystal Heng

Crystal Heng

Published Wed, Mar 12, 2025 · 12:18 PM
    • Chocolate Finance founder and chief executive Walter de Oude says: “We assure customers that their funds are secure, and withdrawals are proceeding as scheduled.”
    • Chocolate Finance founder and chief executive Walter de Oude says: “We assure customers that their funds are secure, and withdrawals are proceeding as scheduled.” PHOTO: CHOCOLATE FINANCE

    [SINGAPORE] The Monetary Authority of Singapore (MAS) said on Wednesday (Mar 12) that it continues to engage Singapore-based financial services firm Chocolate Finance “to ensure that all customer withdrawals will be met in an orderly fashion”.

    This follows a joint statement by Chocolate Finance and global fund distribution platform Allfunds that reaffirmed the security of Chocolate Finance customers’ fund holdings, as well as “the continued orderly processing of withdrawals”.

    Both parties confirmed that withdrawals are being processed “as expected”, in line with standard industry practices.

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