Today, Standard Chartered announced that DCS (DCS Card Centre) will serve as the primary banking partner for DeCard, a next-generation credit card that facilitates easy stablecoin transactions in the real world.
Stablecoin credit card
Through this collaboration, Standard Chartered will assist DeCard’s expanding user base in Singapore with transaction banking and financial markets services, including account administration, cardholder top-up processing, and fiat and stablecoin settlements.
Using its Financial Markets expertise, the Bank will also handle the card’s treasury, liquidity, and foreign exchange hedging requirements. The first phase of this partnership is implemented in Singapore, and further growth into other important markets is anticipated.
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This collaboration highlights the growing need for payment solutions that provide speed, transparency, and cost effectiveness, therefore bridging the gap between traditional banking and digital assets. The need for regulated digital-asset payment solutions is still growing.
Quotes from the leaders
“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.
DCS will be able to establish virtual accounts for DeCard cardholders thanks to Standard Chartered’s virtual account and API connection, enabling instant identification and reconciliation of incoming payments across various channels.
Increased visibility and simplicity of reconciliation result from this, which are essential components of an effective collections solution that offers a safe and smooth user experience.
“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, DCS.
What is DeCard?
DeCard is a card company designed for easy, real-world stablecoin transactions. Everyday transactions are made easy and accessible with their flagship product, the company claims.
Building on this basis, DeCard Luminaries is an extension of DeCard created for Web3 visionaries that unlocks exclusive rights, enhanced experiences, and boundless opportunities, they said.
Other developments
Standard Chartered Bank projects that by 2028, the market capitalisation of tokenised real-world assets (RWAs), excluding stablecoins, would have increased by about 5,600%, from around $35 billion to $2 trillion.
Standard Chartered’s venture capital division, SC Ventures, intends to gather $250 million for a new international cryptocurrency-focused investment fund that will start in 2026. Gautam Jain, the fund’s operating partner, said that the fund’s emphasis is on digital assets in the financial services industry.
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