dtcpay has received a Green Light Letter from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), advancing its application for an Electronic Money Institution (EMI) license and setting the stage for entry into the European Economic Area.
The company said this step confirms Luxembourg as the headquarters of its European operations and positions dtcpay to offer regulated payment services across the EEA. These include electronic money issuance, cross-border transfers, and digital payment processing, with a focus on integrating stablecoins into the broader financial system.
“We aim to become the global real-time settlement infrastructure for both Web2 and Web3”
Alice Liu, Group CEO of dtcpay, commented, “This achievement underscores our dedication to driving innovation while adhering to the highest regulatory standards, we aim to become the global real-time settlement infrastructure for both Web2 and Web3, driven by our rapid market expansion. By establishing our European hub, we’re leveraging a forward-thinking financial ecosystem to deliver seamless and secure payment solutions, including stablecoin integration, that connect Web2 and Web3.”
The EMI license will expand on dtcpay’s existing regulatory footprint, which includes operations in Singapore and other jurisdictions. The company said the move reflects its broader ambition to offer compliant payment services that meet the needs of both traditional and digital-native businesses.
Band Zhao, Group Chairman and CEO of dtcpay Luxembourg, stated,
“We’re very excited about the possibility to bring our state-of-the-art products and services to approximately 450 million people spanning 30 countries in the EEA, empowering businesses and consumers with secure, compliant, and efficient digital payment infrastructure, in full compliance with European Union (EU) regulations. With a focus on stablecoin solutions and digital payment tokens, dtcpay group’s vision is to drive innovation at the intersection of traditional and digital finance, positioning the company as a pioneer in the global fintech landscape.”
The firm’s application was developed through close cooperation with Luxembourg’s regulator and includes plans to deepen engagement with European regulatory frameworks, including the EU’s Markets in Crypto-Assets (MiCA) regulation. dtcpay confirmed it is preparing to pursue a Crypto-Asset Service Provider (CASP) license under MiCA.
Amanda Yeung, Luxembourg Country Manager and European Regional Manager of dtcpay, added,
“I’m honoured and excited to lead dtcpay’s efforts in this dynamic market. This EMI license marks a pivotal step in our mission to transform global payments, and we’ll continue to explore further opportunities, including pursuing a CASP license under the EU’s MiCA framework, to strengthen our role in Europe’s evolving digital economy.”
The milestone comes as Singapore and Luxembourg mark 50 years of diplomatic relations. dtcpay noted it is the first Singaporean Major Payment Institution to establish a regulated base in Luxembourg, linking two markets that share a focus on regulatory clarity and financial innovation.
dtcpay said the Luxembourg license will support delivery of its real-time payment infrastructure to a European audience, using stablecoins and tokenised payment rails to enable faster, lower-cost global transactions. The company aims to serve both Web2 enterprises and Web3-native businesses through a unified, compliant platform.
