Capabilities of a Licensed Singapore Digital Token Service Provider:
- Operating a digital token trading platform (centralised or decentralised)
- Facilitating the exchange of digital tokens for fiat or other digital tokens for third parties
- Providing custody or control of digital tokens on behalf of clients
- Executing token trades, bids, and offers on behalf of clients
- Issuing or distributing digital tokens to investors or users
- Managing token transfer and payment services
- Offering advisory services relating to digital tokens and blockchain assets
- Coordinating client onboarding, AML/CFT, and KYC procedures
- Providing risk management, reporting, and compliance oversight for token activities
- Supporting token issuance, smart contract governance, and technical infrastructure
Singapore Company Formation with Digital Token Payment Licence £100000.00 + Vat
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Requirements to Form a Singapore Company and Apply for a Digital Token Licence:
To incorporate a Singapore entity and apply for a Digital Token Service Provider (DTSP) Licence under the Monetary Authority of Singapore (MAS) regulatory framework, the following steps must be completed:
Regulatory & Anti–Money Laundering Requirements
To comply with MAS licensing standards, all beneficial owners, controllers, and shareholders must provide:
– Certified passport copies
– Proof of residential address
– Police or Criminal Record Certificate (if required by MAS)
These documents are required even if Nominee Directors or Shareholders are appointed.
Singapore Company Incorporation
A Singapore entity must be incorporated prior to submitting a DTSP licence application.
MAS requires that:
• Management and control be clearly established in Singapore
• Directors and senior officers are fit and proper to operate a DTSP
• Corporate governance, compliance, and operational structures are in place
Digital Token Platform Requirements
Under MAS regulation, a Digital Token Service Provider (DTSP) may:
(a) Facilitate the exchange of digital tokens for fiat currency or other digital tokens for a fee, commission, or spread; and
(b) Provide custody or control of digital tokens on behalf of clients for the purpose of exchanges or transfers.
Operation of a token platform without a DTSP licence is prohibited under the Payment Services Act (PSA).
Substance, Operational & Compliance Requirements
MAS expects licensed DTSPs to maintain:
• Detailed business plan, risk assessment, and operational policies
• AML/CFT framework and procedures
• Cybersecurity, IT, and systems management policies
• Custody procedures and client asset protection
• Appointment of MLRO/Compliance Officer
• Adequate capitalisation and professional indemnity coverage
Capitalisation & Fees
- Minimum base capital: SGD 250,000
• Additional time-based compliance, advisory, or application work may be charged at depending on complexity
Licence Application Duration
The typical timeframe for obtaining a DTSP licence is 6–12 months from submission of a complete application.
We assist with preparation of:
– AML/CFT manuals
– Governance framework
– Cybersecurity and IT documentation
– Business plans and operational policies
– Risk management and compliance procedures
Important Notes
Information on this page may change without notice due to amendments in Singapore law or MAS policy.
MAS may impose additional requirements or conditions during the application process. Fees quoted relate to standard licence applications; additional charges may apply for complex applications, re-submissions, or enhanced regulatory scrutiny.
Applicants must maintain robust risk management, cybersecurity, and operational resilience frameworks. Our guidance identifies obligations but does not include procurement of trading platform infrastructure or IT systems.
Our service includes temporary support for capital deposit requirements. We can also assist in arranging banking or operational accounts upon request.