KEY TAKEAWAYS
- Crypto.com partners with DBS Bank to enhance fiat payment capabilities in Singapore.
- Users can now deposit SGD and USD through new banking rails, improving transaction efficiency.
- This collaboration strengthens Crypto.com’s banking infrastructure alongside Standard Chartered Bank.
- The partnership aligns with MAS regulations, supporting secure and regulated fiat payment solutions.
December 18, 2025 – Crypto.com has announced a significant enhancement of its fiat payment capabilities through a partnership with DBS Bank, Southeast Asia’s largest bank by assets. This collaboration underscores Crypto.com’s commitment to providing secure and regulated services under the Monetary Authority of Singapore’s (MAS) framework.
Crypto.com users in Singapore can now deposit Singapore Dollars (SGD) and US Dollars (USD) via an additional set of banking rails facilitated by DBS. This move reinforces the platform’s strategy to strengthen fiat payment channels by offering multiple deposit and withdrawal options. Additionally, DBS will enable Crypto.com to create client money accounts for its customers, facilitating fast and simple transfers of SGD and USD to and from the Crypto.com App.
This partnership with DBS complements an existing banking relationship with Standard Chartered Bank, providing Crypto.com with unparalleled banking infrastructure in Singapore. Karl Mohan, EVP, Financial Services, General Manager International of Crypto.com, stated, “Introducing new deposit and withdrawal capabilities in Singapore underscores our commitment to offering secure and regulated fiat payment solutions. This will enhance the Crypto.com App experience for Singapore customers, making it easier for them to interact with our products and services and is another important step in accelerating crypto adoption across the region.”
Chin Tah Ang, General Manager Singapore of Crypto.com, highlighted the importance of Singapore as a strategic hub, saying, “Singapore is our headquarters and a critical hub for our growth strategy. Working with the country’s largest bank, DBS, allows us to expand our provision of seamless SGD and USD transfers for our users. Deposits and withdrawals are already supported today, but we are proud to add greater accessibility and functionality to our retail services, in line with MAS regulations.”
For more information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Crypto.com has expanded its fiat payment capabilities in Singapore through a partnership with DBS Bank, enhancing deposit and withdrawal options for users.
Recent industry reports indicate a surge in stablecoin-to-fiat activity, with stablecoins reaching over $4 trillion in transaction volume by August 2025. This aligns with Crypto.com’s strategic move to strengthen fiat channels, reflecting broader trends in crypto adoption and payment facilitation.
As per insights from Jacky Tai, Group Head of Trading and Structuring at DBS, professional investors are increasingly seeking reliable and well-managed platforms for crypto transactions. This supports the significance of Crypto.com’s collaboration with DBS, as it enhances the platform’s credibility and service offerings in a regulated environment.
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