Crypto.com has announced that Deutsche Bank will provide corporate banking services on its behalf in Singapore, Australia and Hong Kong.
Crypto.com announced the agreement on 10 December, emphasising the commitment to expanding the partnership further. The deal includes plans to enhance banking support and extend country coverage as the relationship evolves.
Under the agreement, Crypto.com will gain access to streamlined corporate banking services, aiming to boost operational efficiency and establish a robust financial foundation across Singapore, Australia and Hong Kong.
Karl Mohan, General Manager of APAC and MEA and Global Head of Banking Partnerships for Crypto.com, commented: “This is a momentous relationship for us and further highlights our commitment to security and compliance.
“Teaming up with one of the world’s leading financial services providers further cements our, already strong, presence globally and we are excited to build on this with the support of Deutsche Bank.”
This agreement aligns with Crypto.com’s broader strategic roadmap, which includes a focus on expanding into banking services as part of its 2025 goals.
The company has outlined ambitions to offer a comprehensive suite of financial services, including yields on cash balances, global transfer capabilities and integrated stock trading and rewards programmes.
“We are delighted to support Crypto.com’s strategic businesses in Asia Pacific,” said Kriti Jain, Head of New Economy Corporate Coverage for APAC and Cash Sales for APAC and MEA for Deutsche Bank.
“Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network position us strongly to help Crypto.com with its long-term growth ambitions.”
Alongside strengthening its footprint in the Asia-Pacific region, the company has recently intensified its activities in the UAE digital asset market and acquired Orion Principals, a traditional financial services firm regulated in Abu Dhabi.
