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Introduction
One advisory team across the MAS lifecycle
Digital assets are entering a more regulated and institutionalised era. For financial institutions, fintechs, digital payment token firms and Web3 businesses, operating in Singapore now means meeting the Monetary Authority of Singapore’s (MAS) expectations across governance, compliance, custody, accounting and tax.
Too often, this requires engaging multiple advisers; one for licensing, another for technology risk and a third for accounting and tax. The result is fragmented advice, duplicated effort and unnecessary complexity.
RSM brings these capabilities together under one roof.
We support organisations throughout the licence lifecycle, from assessing regulatory obligations and supporting licence applications to strengthening governance, technology, finance and tax frameworks after approval. By translating regulatory expectations into practical operating models, we help businesses scale within the digital asset economy with confidence, clarity and control.
Our solutions
Regulatory Compliance
The Payment Services Act defines who must be licensed, and the perimeter continues to widen to capture transfer, arranging, and custody-style activities wherever control over assets exists. We support payment institutions, fintechs and digital asset service providers throughout the licensing lifecycle, from regulatory perimeter assessments and licence applications to strengthening governance, operating frameworks, and AML/CFT controls that support ongoing compliance.
Learn more about our Regulatory Compliance services.
Internal Audit
As digital asset firms mature under MAS supervision, boards and regulators expect an independent third line of defence over how risks are managed. We deliver internal audit tailored to digital asset operations, focused on regulatory compliance, technology and operations, and governance, risk, and controls (GRC), providing boards and management with independent assurance that governance, risk and control frameworks are operating effectively.
Learn more about our Internal Audit services.
Technology & Operations Advisory
Institutional credibility in a 24/7 market depends on infrastructure that stays available and recovers quickly. We assess your architecture and operational workflows, address single points of failure across systems, custody and third-party dependencies, and implement the technology risk, cybersecurity, and continuity controls that keep your operations resilient and ready for inspection.
Learn more about our Technology & Operations Advisory services.
Finance, Accounting & Tax
On-chain activity generates high volumes of transaction data that traditional finance functions are not built to handle, while the accounting, valuation, and tax treatment of tokens continues to evolve under SFRS(I) and IRAS guidance. We bring institutional financial discipline and structural clarity to your digital asset operations, helping you establish robust finance, accounting and tax frameworks that support accurate reporting, regulatory compliance and informed decision-making.
Learn more about our Finance, Accounting & Tax services.
Global delivery, local expertise
Singapore is your primary regulatory environment, but you are supported by the depth of RSM's international network. As part of RSM’s international network, our Singapore practice draws on specialist digital asset capabilities developed across the network, including mature methodologies for digital asset valuation and smart contract review. You work with a local team that understands MAS, IRAS and the Payment Services Act, backed by the depth of a global firm.
- Locally led: Every engagement is led and delivered by our Singapore team, with deep expertise in MAS requirements and Singapore reporting standards.
- Globally supported: For specialised work, we collaborate with RSM member firms that have deep digital asset expertise, giving you access to proven methodologies without the need to engage a separate adviser.
- Consistent standards: One network, one set of professional standards, whether your engagement is delivered in Singapore or co-delivered with global specialists.
- Built for cross-border businesses: If your business operates across multiple jurisdictions, we coordinate across the RSM network to help keep your structuring, tax and assurance services aligned.
Frequently Asked Questions
The first step is usually a regulatory perimeter assessment. This confirms whether your activities require a licence under the Payment Services Act and, if so, which licence class applies, giving you a clear starting point before you prepare an application or commit capital.
No. We support organisations at every stage and across the ecosystem, from early-stage fintechs and Web3-native startups to established payment institutions and financial institutions expanding into digital assets. Our clients include DPT service providers, exchanges, custodians, tokenisation platforms, digital asset funds, and tokenised real-world asset issuers. Our support is tailored to your stage of growth, whether that involves a focused diagnostic for an early-stage business, end-to-end support through a licence application, or ongoing advisory and assurance for a mature licensee.
Digital asset challenges rarely sit neatly within one discipline — a licensing question often has accounting, tax, and technology implications. Our practice brings regulatory, technology risk, finance, tax, and internal audit specialists together under one team, so connected issues are addressed coherently, without the gaps and handovers that come from coordinating multiple separate advisers.
No. While your engagement is led locally and anchored to MAS requirements, we are part of RSM’s international network. For firms operating across borders, we coordinate with RSM member firms across our international network so that your structuring, tax, reporting, and assurance stay consistent across jurisdictions.
Yes. Alongside licensing support, we help licensed firms strengthen their ongoing compliance, governance, and operational frameworks across AML/CFT, internal controls, outsourcing, and technology risk, so your governance, compliance and operational frameworks continue to mature as your business grows.
Contact us
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