18 Dec
18Dec

Crypto.com has significantly bolstered its financial infrastructure in Singapore by partnering with DBS Bank, the largest lender in Southeast Asia. Announced on Wednesday, this collaboration provides users with expanded channels for both SGD and USD deposits and withdrawals, further solidifying Singapore's status as a premier global hub for regulated digital assets.

Streamlining Fiat-to-Crypto Access

Through this integration, Crypto.com users can now utilize banking rails facilitated by DBS to move funds seamlessly. Key features of the partnership include:

  • Dual-Banking Resilience: By adding DBS alongside its existing partnership with Standard Chartered, Crypto.com has created a redundant infrastructure that reduces reliance on any single banking institution.
  • Enhanced Speed: The use of DBS-hosted client money accounts allows for faster settlements compared to traditional, often slower, correspondent banking methods.
  • Regulatory Compliance: The entire framework operates strictly under the Monetary Authority of Singapore (MAS) guidelines, ensuring a secure and transparent environment for retail and institutional users.

A Strategic Hub for Global Growth

For Crypto.com, this move is more than just a technical upgrade; it is a commitment to its headquarters. General Manager Chin Tah Ang noted that the partnership improves the overall app experience by offering "greater accessibility and functionality" for local users.

Singapore continues to attract major industry players due to its clear regulatory roadmap. While MAS maintains rigorous oversight and capital requirements, the clarity provided has allowed firms like Crypto.com and DBS to co-develop solutions that bridge the gap between traditional finance and the digital asset economy.

December 2025, Cryptoniteuae

Comments
* The email will not be published on the website.