DTcpay has received a positive response from Luxembourg’s Commission de Surveillance du Secteur Financier, in the process of applying for an EMI licence.
This approval allows the Singapore-based company to provide regulated payment services within the European Economic Area (EEA), pending final authorization. Once granted, this licence will enable DTcpay to issue electronic money, facilitate payment transactions, and manage cross-border payments across the 30-member EEA.
The firm has chosen Luxembourg as its European headquarters and plans to extend its existing services—such as stablecoin-based payments and digital asset infrastructure—into the EU under this regulatory framework.
Alignment with EU Regulatory Developments
D Tcpay officials highlighted that obtaining the EMI licence is part of their initiative to support real-time settlement services across both Web2 and Web3 platforms. The company is also exploring future regulatory opportunities, including a potential application for a Crypto-Asset Service Provider (CASP) licence under the EU’s Markets in Crypto-Assets (MiCA) framework.
The decision to establish operations in Luxembourg and Singapore coincides with their 50-year diplomatic relationship that will be celebrated in 2025. DTcpay is the first Singaporean-licensed Major Payment Institution to set up shop in Luxembourg, with officials citing regulatory compatibility and the jurisdiction’s robust financial infrastructure as key factors for this decision.
Company representatives expressed that the European hub will act as a strategic connection between the two financial centers, facilitating the deployment of digital payment solutions designed for businesses and consumers across the region. With a population of around 450 million people in the EEA, DTcpay views this move as an opportunity to expand its stablecoin infrastructure within an EU-compliant environment.
D Tcpay has previously secured regulatory approvals in Singapore and other regions. Its European expansion is expected to follow a similar approach, emphasizing compliance, infrastructure development, and integration of both fiat and digital asset-based payment technologies.
