Minimum capital
SGD 250,000 Base capital, plus security of SGD 100,000 or 200,000 depending on monthly volume.
Requirements
What it takes.
Application fee
SGD 1,500
Annual fee
Not published. Set in the Payment Services Regulations schedule; not verified
Decision time
6 to 12 months Observed. No published service standard.
Foreign firms
Singapore company or branch, permanent place of business, and a resident executive director
Reserve rule
For the stablecoin label: full backing, par redemption within five business days
Compare this against every other regime in the full comparison, or see the licences recorded in this market.