Gemini wins Singapore payment license for digital token and cross-border transfer services
Singapore's payment licensing framework for digital assets has added another authorized operator in the cross-border money transfer space. Gemini's local entity is now cleared to provide digital payment token and cross-border…
Key takeaways
- Gemini's Singapore entity has been cleared to provide digital payment token and cross-border money transfer services in Singapore.
- The license carries no standard transaction-volume limits, unlike typical payment licenses in this space.
- The absence of a volume ceiling lets Gemini's entity handle cross-border transfers at a scale that capped licenses would restrict.
- Both service categories sit within the same licensed local entity, connecting digital asset activity and cross-border money movement under one regulated structure.
Singapore's payment licensing framework for digital assets has added another authorized operator in the cross-border money transfer space. Gemini's local entity is now cleared to provide digital payment token and cross-border money transfer services in the city-state, without standard transaction-volume limits.
The absence of a volume ceiling is the operative detail. Standard payment licenses in this space routinely carry throughput caps; the Singapore approval carries none, giving Gemini's entity room to handle cross-border transfers at a scale that capped licenses would restrict.
The authorization covers two service categories: digital payment token services and cross-border money transfers. Both sit within the same licensed local entity, allowing Gemini's Singapore business to connect digital asset activity and cross-border money movement under one regulated structure in the city-state.
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