Deepti Sri · · 1 min readDigital Treasures Center gets SG nod for crypto services
Digital Treasures Center (DTC), a Singapore-based fintech firm, has secured a license to operate as a fully regulated provider of digital payment tokens and other payment services from the Monetary Authority of Singapore (MAS).
The Digital Treasures Center team / Photo credit: Digital Treasures Center
With its Major Payment Institution license, DTC will be able to provide services for its merchants, which include opening accounts for e-money and non-card transactions as well as transferring funds both domestically and internationally.
Founded in 2019, DTC helps merchants collect online and offline payments as well as process crypto transactions. Its clients hail from industries such as finance and lifestyle.
“Our base in Singapore provides us with the unique competitive advantage to leverage the country’s strong business infrastructure, strong government support, innovation ecosystem, and strong regulatory framework to allow us to expand our company,” said Alice Liu, CEO of DTC.
See also: Is Vietnam late to Southeast Asia’s digital banking party?
In March, the MAS greenlit DTC’s plans to provide crypto services in the city-state. A month later, fintech firm Fomo Pay added a feature that enabled Singaporean retailers to accept crypto payments.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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