Standard Chartered has announced a partnership with DCS Card Centre to serve as the principal banking partner for DeCard, a new credit card that enables users to spend stablecoins in everyday transactions in Singapore.
Under this agreement, Standard Chartered will offer transaction banking and financial markets services to support DeCard’s user base. The bank’s responsibilities include processing cardholder top-ups, managing accounts, and handling both fiat and stablecoin settlements. Additionally, Standard Chartered will oversee treasury management, liquidity, and foreign exchange hedging for the card using its Financial Markets expertise.
The collaboration is initially launching in Singapore with plans to expand into other key markets. This move responds to increasing demand for regulated digital-asset payment solutions that prioritize speed, transparency, and cost efficiency. The partnership aims to connect traditional banking systems with digital assets.
“This partnership is in line with our continued efforts to offer banking solutions for innovative Fintech partners and is central to our strategy of supporting clients in navigating the evolving digital assets space. Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi,” said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered.
“We’re thrilled to partner with Standard Chartered, a globally recognised and trusted financial institution, to power the next chapter of DeCard’s growth,” said Joan Han, Chief Commercial Officer at DCS. “Their banking expertise and robust infrastructure enable us to bring secure, transparent, and efficient stablecoin payments to the mainstream, setting a new benchmark for how digital assets can be used responsibly in everyday life.”
Standard Chartered’s virtual account services and API connectivity will allow DCS to create virtual accounts for DeCard holders. This feature enables immediate identification and reconciliation of incoming payments across different channels. It also improves visibility and simplifies reconciliation processes—key factors for an effective collections solution that supports a secure user experience.
DeCard offers credit cards designed for seamless spending of stablecoins in real-world settings. Its products provide flexible credit limits powered by D-Vault technology—a system offering integrated reconciliation and payment tracking so users can manage spending and repayments efficiently from one platform.
DCS brings over 50 years of experience as a card issuer—originating from Diners Club Singapore—and now operates as a global payments provider focused on delivering compliant digital payment solutions combined with Web3 innovation.
More information about DeCard can be found at https://www.thedecard.com/.