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Understand Singapore's "Licensed" Crypto Institutions in One Picture!

The Monetary Authority of Singapore (MAS) has issued 33 "Digital Payment Token Services (DPT)" Major Payment Institution licenses, covering four major sectors: exchanges/wallets, custody and compliance infrastructure, payment processing, and banking/brokerage.

Coinbase, Circle, Anchorage, DBS Vickers, FOMO Pay, and others are all listed. With compliance benefits, Singapore's crypto ecosystem is taking shape, and regional funds and institutions are rapidly gathering.

See the full list and sector distribution in the detailed image below, save it for reference👇