Singapore · Payments & e-money
Foris Dax Asia PTE. LTD.
Foris DAX Asia Pte. Ltd. is a private company incorporated in Singapore. It trades under the Crypto.com brand. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution for digital payment token services under the Payment Services Act 2019. The firm belongs to the Crypto.com group. Kris Marszalek, a co-founder, leads the group as chief executive. Through the Crypto.com App and web platform, the firm offers Singapore consumers custodial crypto-asset wallets, crypto-asset buying, selling and transfers, and Crypto.com Pay.
Licences and registrations
Held by Foris Dax Asia PTE. LTD.. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Firm type
Crypto exchange or broker
Trades as Crypto.com
- Ownership
- The firm belongs to the Crypto.com group, which does not publish on its Singapore pages which group company holds the firm's shares.
- Head office
- 128 Beach Road, #27-03 Guoco Midtown, 189773 Singapore, Singapore
- Company register
- ACRA UEN 201917495R
- Founders
- Kris Marszalek · Rafael Melo · Bobby Bao
Online
- Websites & references
- crypto.com ↗
help.crypto.com ↗ help centre
status.crypto.com ↗ status page
merchant.crypto.com ↗ merchant payments site (group)
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · Discord ↗ · Reddit ↗
Sources · 13 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/250069-FORIS-DAX-ASIA-PTE-LTD
- crypto.com/document/entity_singapore.pdf
- crypto.com/sg/licenses
- crypto.com/sg/about
- crypto.com/sg/app
- crypto.com/sg/stocks
- crypto.com/en/company-news/crypto-com-obtains-major-payment-institution-licence-from-monetary-author
- crypto.com/sg/company-news/cryptocom-enhances-fiat-capabilities-in-singapore
- crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securit
- crypto.com/eea/licenses
- membership.singaporefintech.org/company/201917495R
- theblock.co/post/371531/previously-unreported-attack-on-crypto-com-leaked-users-personal-data-bloombe
- en.wikipedia.org/wiki/Crypto.com
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution for digital payment token services under the Payment Services Act 2019. The group announced the licence in June 2023, after MAS in-principle approval in June 2022. A sister company, Foris Asia Pte. Ltd., issues the Crypto.com Visa Card in Singapore under its own MAS Major Payment Institution licence.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution (Digital Payment Token Service) | — | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds customers' digital assets in a ring-fenced, pooled custody account with its custodial safeguarding institution, segregated from its own accounts, as the Payment Services Regulations 2019 require.
- Crypto-asset custody
- MixedThe firm holds customers' crypto-assets in a pooled custody account with an unnamed custodial safeguarding institution. It states that it stores all private keys under its control in a mix of online and offline storage.
- Settlement bank
- DBS Bank Singapore
- Settlement bank
- Standard Chartered Bank Singapore
- Card issuer
- Foris Asia Pte. Ltd. Singapore
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers Singapore customers hosted crypto-asset wallets, cash-to-crypto and crypto-to-crypto conversion as principal, crypto transfers, Crypto.com Pay, gift cards and mobile airtime.
It serves customers in Singapore under its MAS licence, and its terms define Singapore as the territory.
- Sells to
- Consumers
- Serves customers in
- Singapore
- Latest funding round
- strategic investment · USD 400m Jul 2026Led by Citadel Securities
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Ang Chin Tah General Manager, Singapore (key personnel on the MAS register)
- Chief executive
- Kris Marszalek Co-Founder & CEO (Crypto.com group)
- Chief financial officer
- Rafael Melo Co-Founder & CFO (Crypto.com group)
- Executive
- Eric Anziani President & COO (Crypto.com group)
- Founder
- Bobby Bao Co-Founder, Head of Crypto.com Capital (group)
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Funding
Citadel Securities invested USD 400 million in the Crypto.com group, which said the deal valued it at USD 20 billion.
crypto.com ↗ -
Other
Crypto.com announced SGD and USD deposit and withdrawal rails and customer virtual accounts through DBS Bank for its Singapore users.
crypto.com ↗ -
Security incident
Bloomberg reported a 2023 phishing breach that exposed some Crypto.com users' personal data. The group said it had reported the breach to regulators.
theblock.co ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- e26446443396
Profile
- Type
- Payments & e-money · CryptoPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Crypto-assets
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 128 BEACH ROAD #27-03 GUOCO MIDTOWN OFFICE 189773, Singapore, 189773
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>FORIS DAX ASIA PTE. LTD.</Nm>
<PstlAdr>
<PstCd>189773</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>128 BEACH ROAD #27-03 GUOCO MIDTOWN</AdrLine>
<AdrLine>OFFICE 189773</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
Book a demo