Singapore

Crypto.com has teamed up with DBS Bank to enable direct SGD and USD deposits and withdrawals for Singapore users, improving fiat on‑ and off‑ramps. The move leverages DBS’s local payment rails to streamline transfers.

SBI Digital Markets, regulated by the Monetary Authority of Singapore, will act as institutional custodian and provide segregated custody for XRP client assets. The move is part of Ripple’s broader effort to build yield-bearing institutional products for Asian markets.

On Dec 1, 2025 Ripple said Singapore’s MAS upgraded its license, allowing broader regulated crypto payment services across the Asia-Pacific. The approval aims to accelerate integration of digital tokens into global payment rails.

Ripple has obtained licenses allowing Singapore businesses to use XRP and RLUSD as approved settlement options, marking a regulatory milestone. The move could broaden on-ramps and corporate use of digital assets for payments and treasury functions.

Ripple said it has received approval from the Monetary Authority of Singapore to upgrade its payment license, enabling wider use of RLUSD and XRP across Singapore and the region.

UBS and Ant International will pilot tokenized bank deposits in Singapore to enable instant cross-border payments and sharper liquidity management as part of one of the city‑state’s largest blockchain projects. The trial targets longstanding treasury bottlenecks by testing tokenized cash for corporate and institutional use.

Singapore’s central bank will begin tests in 2026 to issue tokenized MAS bills and plans new legislation to regulate stablecoins, aiming to build a scalable, secure tokenized financial system.

Coinbase is rolling out Coinbase Business in Singapore through a partnership with Standard Chartered, enabling startups and SMBs to make fast USDC payments, settle internationally, and access crypto finance tools. The tie-up aims to link bank rails with on-chain flows to lower friction for cross-border commerce.

Ripple president Monica Long hosted senior U.K. official Lucy Rigby at the company's Singapore office to discuss digital assets, a meeting tied to the U.K.'s broader push to expand its digital footprint and prompting industry speculation.