Crypto.com Partners with DBS to Enhance Payment Infrastructure in Singapore
Crypto.com has forged a strategic alliance with DBS Bank, Southeast Asia's largest financial institution, to expand fiat gateway services for Singaporean users. The collaboration introduces VIRTUAL account solutions enabling seamless SGD and USD transactions through the crypto platform's mobile application.
The integration marks a significant upgrade from Crypto.com's existing partnership with Standard Chartered, offering users diversified banking channels for faster settlement times. Karl Mohan, the exchange's representative, emphasized this development as a catalyst for mainstream crypto adoption in the region.
Singapore's fintech ecosystem continues to mature, with traditional banks increasingly bridging the gap between conventional finance and digital assets. The DBS partnership follows the Monetary Authority of Singapore's progressive regulatory framework for cryptocurrency service providers.
