Crypto.com Deepens Singapore Banking Ties

Crypto.com has reinforced its position in Singapore’s tightly regulated digital asset market by expanding its fiat payment capabilities through a strengthened partnership with DBS Bank, Southeast Asia’s largest bank by assets. The move enhances access to SGD and USD deposits and withdrawals, underscoring Crypto.com’s strategy of pairing crypto services with robust, bank-grade infrastructure under the Monetary Authority of Singapore (MAS) framework, according a media release issued on Friday. Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security, and privacy. Why This Matters for Sophisticated Investors For financially savvy users, frictionless on- and off-ramps are as critical as market access itself. By adding DBS as an additional banking rail alongside its existing partnership with Standard Chartered, Crypto.com is reducing single-counterparty risk while increasing redundancy, speed, and reliability in fiat transactions. This layered banking approach provides institutional-grade resilience that appeals to serious retail and professional investors alike. Virtual Accounts and Faster Transfers A key enhancement in the DBS collaboration is the ability for Crypto.com to create unique virtual accounts for customers. These accounts enable faster and simpler SGD and USD transfers to and from the Crypto.com App, streamlining treasury management for active traders and long-term allocators who require predictable settlement and efficient liquidity flows. Positioning Within Singapore’s Regulatory Framework The expanded fiat capabilities reinforce Crypto.com’s emphasis on operating within clear regulatory guardrails. By working closely with leading domestic and international banks, the platform signals alignment with Singapore’s regulatory expectations around transparency, security, and consumer protection – a critical consideration for investors evaluating counterparty and jurisdictional risk. Executive Perspective on Growth and Adoption «Introducing new deposit and withdrawal capabilities in Singapore underscores our commitment to offering secure and regulated fiat payment solutions,» said Karl Mohan, EVP Financial Services and General Manager International at Crypto.com, adding that the move enhances user experience and supports broader crypto adoption across the region. Singapore as a Core Strategic Hub Chin Tah Ang, General Manager Singapore at Crypto.com, emphasized the strategic importance of the market, noting that Singapore is both the company’s headquarters and a critical growth hub. «Working with the country’s largest bank, DBS, allows us to expand our provision of seamless SGD and USD transfers for our users», he said, highlighting the focus on greater accessibility and functionality within existing regulatory parameters. The Bigger Picture for Crypto Infrastructure As digital asset platforms mature, competitive advantage is increasingly defined by infrastructure quality rather than product breadth alone. Crypto.com’s expanded DBS partnership reflects a broader industry shift toward bank-integrated, regulation-first models – a development likely to resonate with investors who prioritize stability, compliance, and operational efficiency in their exposure to crypto markets.