Crypto.com & DBS Team Up to Supercharge Fiat Payments in Singapore

In a move that signals deepening integration between traditional finance and the crypto economy, Crypto.com has partnered with DBS Bank — Singapore’s largest bank by assets — to expand fiat payment services for users in the city-state. This strategic collaboration, announced on December 18, 2025, enhances how Singapore-based customers of Crypto.com can move money in and out of the platform with local currency efficiency and regulatory oversight. (Crypto.com)

💡 Why This Matters: Crypto Meets Mainstream Banking

For crypto platforms, seamless access to fiat banking rails — the plumbing that lets users deposit and withdraw real-world money like Singapore dollars (SGD) and U.S. dollars (USD) — is critical. Under the new arrangement, DBS will:

Enable SGD and USD deposits and withdrawals directly between users’ bank accounts and the Crypto.com app. (Crypto.com)
Support unique client money accounts for Crypto.com customers, making transfers faster and easier. (Crypto.com)
Operate within the Monetary Authority of Singapore’s (MAS) regulatory framework, ensuring compliance and consumer protection. (Crypto.com)

This partnership builds on Crypto.com’s existing banking ties (including with Standard Chartered) and reflects the company’s strategy to reduce friction in fiat-to-crypto flows — a historical pain point for many users in regulated markets. (Fintech Singapore)

📈 A Boost for Crypto Adoption in Singapore

Singapore is not just another market for Crypto.com — it’s the company’s global headquarters and one of the world’s most forward-thinking hubs for digital asset regulation. (Crypto.com) By coupling its platform with DBS’s deep local roots and fiat infrastructure, Crypto.com aims to:

Strengthen on-ramps and off-ramps between traditional finance and digital assets. (Fintech Singapore)
Enhance user experience via smoother deposits and withdrawals. (Crypto.com)
Accelerate regional crypto adoption, particularly among retail and institutional customers. (Fintech Singapore)

The move also highlights how major banks in Southeast Asia are embracing regulated digital asset services rather than shying away from them — a trend that could help bridge the gap between Web3 and legacy finance.

📘 Glossary

Fiat Rails – Banking infrastructure that allows the transfer of government-issued currencies (e.g., SGD, USD) between accounts and financial services platforms.

Client Money Account – A separately held bank account where customer funds are kept distinct from company operating funds to enhance security and compliance.

Banking Partnership – Cooperation between a crypto platform and a traditional bank to provide regulated payment services like deposits, withdrawals, and settlement.

Monetary Authority of Singapore (MAS) – Singapore’s central bank and financial regulator overseeing payment services, digital payments, and crypto-related licensing.

🔗 Source

https://www.techinasia.com/news/crypto-com-partners-with-dbs-to-expand-payment-services-in-sg (techinasia.com)

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