Singapore’s push to blend traditional finance with blockchain technology gained a boost after Standard Chartered partnered with DCS Card Centre to support DeCard, a new credit card designed for stablecoin spending in everyday transactions.

Banking Meets Blockchain

Under the partnership, Standard Chartered will act as DeCard’s principal banking partner in Singapore, managing fiat and stablecoin settlements as well as cardholder top-up processing and account management. The bank will also oversee treasury, liquidity, and foreign exchange hedging through its Financial Markets division.

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This collaboration is initially limited to Singapore but is expected to expand to other major markets. The move comes as demand grows for regulated digital-asset payment infrastructure that combines the efficiency of blockchain with the stability of conventional finance.

Bridging TradFi and DeFi

Standard Chartered’s virtual account and API infrastructure will enable DCS to assign unique virtual accounts to each DeCard user. This feature allows real-time identification and reconciliation of incoming payments, improving visibility and reducing operational friction.

The partnership underscores a growing trend in Asia’s financial sector, where regulated banks are deepening their engagement with digital assets. For Standard Chartered, the DeCard deal highlights its ongoing strategy to connect the traditional financial system with blockchain-powered innovations — without compromising transparency or compliance.

Expect ongoing updates as this story evolves.

Source: Finance Magnates