FOMO Pay, a leading Major Payment Institution headquartered in Singapore and the first FinTech in the country received a Digital Payment Token (DPT) license from the Monetary Authority of Singapore (MAS) in 2021, announces the expansion of its DPT license to include secure digital asset custody solutions for merchants, corporates and institutional clients.
With this strategic enhancement, FOMO Pay now offers a licensed, compliant and robust platform for clients to safeguard their digital assets, addressing the increasing demand for trusted digital asset management solutions. The digital asset custody solutions enable merchants, corporates, and institutional clients to securely store and manage digital assets while ensuring seamless user experience and adherence to stringent regulatory standards.
By integrating digital asset custody services into its unified digital platform, FOMO Pay empowers clients to seamlessly manage cross-border payments, treasury management, and digital asset custody within a single ecosystem. This end-to-end solution streamlines operations while enhancing digital asset security and regulatory compliance, delivering greater efficiency, transparency, and peace of mind.
This strategic milestone further strengthens FOMO Pay’s capabilities in digital asset custody and management and underscores the company’s ongoing commitment to innovation, compliance, and supporting businesses in the evolving digital economy.
About FOMO Pay
Founded in 2015, FOMO Pay is a Major Payment Institution licensed in Singapore and Hong Kong. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:
Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.
