Crypto.com partners with DBS to expand SGD and USD transfers in

Crypto.com has announced a partnership with DBS Bank to add Singapore dollar (SGD) and US dollar (USD) deposit and withdrawal capabilities for users in Singapore [1]. The collaboration introduces new banking rails that work with the platform’s existing Standard Chartered relationship, broadening the exchange’s local fiat infrastructure.

Key takeaways

• DBS will create virtual client accounts to speed up SGD and USD transfers between bank accounts and the Crypto.com app [1]
• The partnership complements Crypto.com’s existing Standard Chartered banking link, reducing reliance on a single bank [4]
• Crypto.com executives cite the move as a step toward “secure and regulated fiat payment solutions” under MAS guidelines [1]
• DBS is Southeast Asia’s largest bank by assets, reinforcing Crypto.com’s strategy to work with major regional institutions [2]

New banking rails for Singapore users

The agreement enables Crypto.com users to move SGD and USD funds more quickly by leveraging DBS’s “virtual accounts” system, which simplifies the creation of client money accounts and shortens settlement times [1][4]. Crypto.com’s EVP of Financial Services, Karl Mohan, said the added capabilities underscore the company’s commitment to regulated fiat payment solutions and aim to accelerate crypto adoption in the region [1]. General Manager for Singapore, Chin Tah Ang, highlighted Singapore’s role as the platform’s regional headquarters and noted that the DBS partnership expands accessibility and functionality for retail services in line with Monetary Authority of Singapore (MAS) regulations [1].

Diversifying fiat infrastructure

By adding DBS to its roster of banking partners, Crypto.com reduces operational concentration risk and offers users multiple channels for fiat transfers, a design intended to improve robustness during periods of high transaction volume [4]. The move aligns with Crypto.com’s broader strategy of strengthening fiat payment channels, as noted by Crowdfund Insider, which describes DBS as Southeast Asia’s largest bank by assets and emphasizes the partnership’s compliance with MAS frameworks [2]. Together with its existing Standard Chartered link, the DBS partnership gives Crypto.com a more resilient fiat infrastructure in Singapore, a key market for its regional operations [1][4].

Why it matters

The DBS collaboration enhances Crypto.com’s ability to provide fast, regulated fiat services in Singapore, a jurisdiction known for its stringent financial oversight. By expanding payment options and reducing reliance on a single banking partner, Crypto.com aims to boost user confidence and support broader crypto adoption across the region. The partnership also reflects a growing trend of major financial institutions engaging with digital‑asset platforms to offer compliant fiat on‑ramps, a development that could shape the future of crypto trading infrastructure in Asia.