Digital Treasures Center (DTC), a payment company based on distributed ledger technology, announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The company was previously granted an in-principle approval in March this year.
As a fully regulated provider of Digital Payment Token (DPT), the company got the go-ahead to start providing its services from 1 August 2022 onwards.
DTC’s offerings include account issuance, merchant acquisition, domestic money transfer, cross-border money transfer, e-money issuance as well as digital payment token services. Alice Liu, Chief Executive Officer and Founder of DTC said,
“We are excited to obtain the full license from MAS. With the full licensing, we will continue to build on the good work that the team is currently doing while looking to expand our footprint globally starting from our ASEAN neighbours.
As crypto payment gains momentum, we are hopeful to see more merchants from various industries coming onboard to accept crypto as an additional form of payment.”
