Press · Singapore

Quotable numbers with sources. Figures and data are CC BY 4.0: credit “VASP Tracker” with a link.

Key Numbers (21 Oct 2026)

• 38: 38 companies are licensed by MAS to provide digital payment token services, from 35 brands. MAS
• 13 of them are licensed for DPT service only. list
• 30 June 2025: offshore-only crypto firms need a DTSP licence; “MAS has set the bar high for licensing and will generally not issue a licence”. MAS
• 6 major exchanges are not in the MAS directory: Binance, Bybit, Kraken, KuCoin, Bitget, HTX.

Analysis

• 38 Companies Hold a MAS Crypto Licence in Singapore. Who They Are

  21 Oct 2026 · Every major payment institution licensed for digital payment token services, grouped by brand, what else each may do, and who is absent.

• Singapore's Offshore-Only Crypto Ban: MAS “Will Generally Not Issue a Licence”

  21 Oct 2026 · Since 30 June 2025, Singapore firms serving only overseas customers need a licence MAS says it will generally not grant. What changed and who it hits.

• Singapore's Stablecoin Rules: The “MAS-Regulated Stablecoin” Label and Who Can Issue

  21 Oct 2026 · The 2023 framework for single-currency stablecoins, the 2026 legislative consultation, and the stablecoin firms already holding DPT licences.

Contact

Daniel Bradley, founder: press@vasptracker.com.