Best business accounts for Crypto and Web3 in Singapore
Snapshot
Banking for crypto companies in Singapore depends heavily on what the company does. The Monetary Authority of Singapore regulates digital payment token services under the Payment Services Act, and most mainstream business accounts do not support token trading or exchange. Web3 software and services firms that do not custody or trade tokens have more options.
Suits Crypto and Web3 best
Standard neobank accounts for Web3 software firms, a relationship bank for licensed token businesses
Typical monthly fee
From no monthly fee on neobank entry plans, as of 15 January 2026
Non resident position
Difficult for token businesses, varies by activity, confirm with the provider
Providers that fit
Limited and case by case, depends on the crypto activity
Fees and features as of 15 January 2026Last reviewed 15 January 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Singapore is a recognised hub for digital assets, but that does not make banking simple for crypto firms. As of 15 January 2026 the Monetary Authority of Singapore licenses digital payment token services under the Payment Services Act, and a licensed Major Payment Institution must hold a corporate account at a Singapore bank. Mainstream providers such as Wise and Aspire state in their acceptable use policies that token trading and exchange are not supported. A Web3 software studio, a tooling company, or a services firm that does not custody or trade tokens can often use a standard business account. A token exchange, custodian, or issuer usually needs a bank that onboards licensed crypto firms through a relationship led process. The notes below state the trade offs plainly. This is information, not advice.
What Crypto and Web3 in Singapore need from a business account
What a crypto or Web3 company needs from a business account depends on its activity. A software or services business needs the same things any company needs: a way to receive client payments, pay staff and suppliers, and hold more than one currency. A business that trades, exchanges, or custodies digital payment tokens faces a different reality. Most account providers screen for token activity during onboarding, and several decline it outright. Licensed digital payment token firms are required to bank with an institution that accepts regulated crypto businesses, and that is a separate process from opening a standard account. The shortlist below names providers that serve Singapore companies generally, with the crypto position stated plainly.
A
Aspire
Multi currency account with corporate cards and expense tools for Singapore companies. Its acceptable use terms restrict token trading and exchange, so it fits Web3 software and services businesses rather than exchanges or custodians.
Best for
Web3 software and services, not token trading
Monthly fee
No monthly fee on Basic, SGD 15 on Premium, as of 15 January 2026
Holds many currencies and runs international payments through local rails, useful for a Web3 firm that bills overseas. Onboarding screens for token activity, so confirm your model is accepted before you rely on it.
Best for
Cross border payments for Web3 services
Monthly fee
No monthly fee on the standard account, as of 15 January 2026
Free to open and pay as you go on transfers. Its acceptable use policy states that companies trading or exchanging cryptocurrencies are not supported, so it suits non token Web3 businesses only.
Best for
Low cost transfers for non token businesses
Monthly fee
Free to open, one time SGD 99 for account details, as of 15 January 2026
Acceptance depends on your crypto activity. The providers below serve Singapore companies generally, but they restrict token trading and exchange in their acceptable use terms. A licensed digital payment token business usually needs a bank that onboards regulated crypto firms through a relationship led process, which these providers do not offer. Fees and eligibility shown as of 15 January 2026. Confirm current terms with the provider before applying.
Questions about banking for Crypto and Web3 in Singapore
Can a crypto company open a business account in Singapore?
It depends on the activity. As of 15 January 2026 a Web3 software or services firm that does not trade or custody tokens can often use a standard business account. A token exchange, custodian, or issuer usually needs a bank that onboards licensed digital payment token firms. Confirm your position with the provider and the Monetary Authority of Singapore.
Do neobanks like Wise and Aspire support crypto businesses?
Their acceptable use policies restrict cryptocurrency trading and exchange as of 15 January 2026. They can suit Web3 software and services businesses that do not handle tokens, but they are not built for exchanges, custodians, or token issuers. Confirm the current policy with the provider.
How is crypto regulated in Singapore?
The Monetary Authority of Singapore regulates digital payment token services under the Payment Services Act. Providers need a Standard Payment Institution or Major Payment Institution licence depending on scale, and a Major Payment Institution is required to hold a corporate account at a Singapore bank. This is general information, not legal advice.
What account suits a Web3 software company?
A Web3 software or tooling company that bills clients and pays staff has the same needs as any technology firm. Multi currency neobank accounts can fit where the company does not trade tokens. Confirm that your model is accepted during onboarding.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 15 January 2026. Confirm current terms with the provider before applying.