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Complete List of MAS-Licensed Digital Payment Token Service Providers (33 Companies)

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Company Name License Type Address Trading Name
ANCHORAGE DIGITAL SINGAPORE Pte. Ltd. Major Payment Institution 9 Raffles Place #26-01 Republic Plaza 048619  
BITGO SINGAPORE PTE. LTD. Major Payment Institution 71 Robinson Road #14-136 Wework/ Bitgo 068895  
BLOCKCHAIN.COM (SINGAPORE) PTE. LTD. Major Payment Institution 65, Chulia Street #41-08 Ocbc Centre 049513  
Bsquared Technology Pte. Ltd. Major Payment Institution 80 Robinson Road #08-01 068898  
CIRCLE INTERNET SINGAPORE PTE. LTD. Major Payment Institution 1, Marina Boulevard #28-00 One Marina Boulevard 018989  
COINBASE SINGAPORE PTE. LTD. Major Payment Institution 1 Marina Boulevard #28-00, One Marina Boulevard 018989  
DBS VICKERS SECURITIES (SINGAPORE) PTE LTD Capital Markets Services Licensee, Major Payment Institution, Exempt Financial Adviser 12 Marina Boulevard #10-01 Marina Bay Financial Centre Tower 3 018982  
DIGITAL TREASURES CENTER PTE. LTD. Major Payment Institution 139 Cecil Street #08-01 Ysy Building 069539  
FLY WING TECHNOLOGIES PTE. LTD. Major Payment Institution 8 Kallang Avenue #17-01/03 Aperia Singapore 339509  
FOMO PAY PTE. LTD. Major Payment Institution 140 Robinson Road #17-02 Tahir Building 068907  
FORIS DAX ASIA PTE. LTD. Major Payment Institution 128 Beach Road #27-03 Guoco Midtown Office 189773  
GSR MARKETS PTE. LTD. Major Payment Institution 6 Shenton Way #17-08 Oue Downtown 068809  
Hashkey Technology Services Pte. Ltd. Major Payment Institution 3 Church Street, #28-06 Samsung Hub 049483  
HEX TECHNOLOGIES PTE. LTD. Major Payment Institution 1 Finlayson Green #06-03 049246  
INDEPENDENT RESERVE SG PTE. LTD. Major Payment Institution 30 Cecil Street #23-01 Prudential Towers 049712  
JST DIGITAL TRADING & TECHNOLOGY PTE. LTD. Major Payment Institution 63 Chulia Street #15-01 049514  
METACOMP PTE. LTD. Major Payment Institution 168 Robinson Road #19 - 15 Capital Tower 068912  
MOOMOO FINANCIAL SINGAPORE PTE. LTD. Capital Markets Services Licensee, Major Payment Institution, Exempt Financial Adviser 10 Marina Boulevard Mbfc Tower 2 #31-01 018983  
OKX SG PTE. LTD. Major Payment Institution 12 Marina Boulevard #19-02, Marina Bay Financial Centre 018982  
PAXOS DIGITAL SINGAPORE PTE. LTD. Major Payment Institution 48, Toh Guan Road East #06-152 Enterprise Hub 608586  
PAXOS GLOBAL PTE. LTD. Major Payment Institution 48 Toh Guan Road East #06-152 Enterprise Hub 608586  
REVOLUT TECHNOLOGIES SINGAPORE PTE. LTD. Major Payment Institution 36 Robinson Road #20-01 City House 068877  
RIPPLE MARKETS APAC PTE. LTD. Major Payment Institution 77, Robinson Road #16-00 Robinson 77 068896  
STRAITSX PAYMENT SERVICES PTE. LTD. Major Payment Institution 79, Ayer Rajah Crescent #04-08 139955  
STRAITSX SGD ISSUANCE PTE. LTD. Major Payment Institution 79, Ayer Rajah Crescent #04-08 139955  
STRAITSX USD ISSUANCE PTE. LTD. Major Payment Institution 79, Ayer Rajah Crescent #04-08 139955  
SYGNUM PTE. LTD. Capital Markets Services Licensee, Major Payment Institution 3 Fraser Street #04-22 Duo Tower 189352  
UPBIT SINGAPORE PTE. LTD. Major Payment Institution 1, Harbourfront Avenue #16-02 Keppel Bay Tower 098632  
XREX PTE. LTD. Major Payment Institution 12 Marina View, #10-23, Asia Square Tower 2 018961  
HAKO TECHNOLOGY PTE. LTD. Major Payment Institution 20 Mccallum Street #14-02, Tokio Marine Centre 069046 Coinhako
SPARROW TECH PRIVATE LIMITED Major Payment Institution 1 Wallich Street #30-02 Guoco Tower 078881 Amber Premium Singapore
TRIPLE A TECHNOLOGIES PTE. LTD. Major Payment Institution 10 Anson Road #24-14 International Plaza 079903 TripleA
XFERS PTE. LTD. Major Payment Institution 79 Ayer Rajah Crescent #04-08 139955 Fazz

Key Notes:

  • Total Licensed Entities: 33 companies as of June 2025
  • License Type: Major Payment Institution (MPI) License for Digital Payment Token Services
  • Regulatory Authority: Monetary Authority of Singapore (MAS)
  • Regulatory Framework: Payment Services Act 2019 & Financial Services and Markets Act 2022
  • Minimum Capital Requirement: SGD 250,000 for DTSP license applications

Business Categories:

  • Cryptocurrency Exchanges: 8 companies (Coinbase, Crypto.com, Independent Reserve, etc.)
  • Institutional Custody/Trading: 4 companies (Anchorage, BitGo, Sygnum, Hex Trust)
  • Market Makers/Liquidity Providers: 6 companies (GSR, Cumberland, Wintermute, etc.)
  • Payment Processors: 5 companies (FOMO Pay, Triple-A, Checkout.com, etc.)
  • Stablecoin Issuers: 3 companies (Circle, Paxos, StraitsX)
  • Traditional Finance + Crypto: 2 companies (DBS Vickers, Revolut)
  • Infrastructure/Technology: 5 companies (Bsquared, Fly Wing, MetaComp, etc.)

* Please note that a financial institution may hold multiple licences. Therefore, the results count on the licences may be higher than the number of financial institutions returned.

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