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

Written by The Financial Coconut | Jun 24, 2025 7:48:46 AM
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.

Let us know what you think about this topic, and what do you want to hear next.

You can now be our community contributor and make a pitch to have your favourite personality be on our show.
Join our community group and drop us your insights on this topic.

 
View full post