As digital banking becomes a baseline rather than a differentiator, Singapore’s banks are turning to blockchain to address deeper operational challenges, facilitate faster payments, enhance cross-border transparency, and build resilient data systems. In 2025, blockchain will no longer be optional for staying competitive. Backed by strong regulatory support from MAS and global use cases, blockchain partnerships are now pivotal. In this blog, SotaTek guides you through 10 trusted blockchain providers that are helping Singaporean banks modernize their core infrastructure and take bold steps into the decentralized future.
I. Why Blockchain Matters for Singapore’s Banking Sector in 2025
Singapore's banking sector is under increasing pressure to stay relevant and resilient. As digital-first customers demand real-time services and global regulators tighten requirements on transparency, fraud prevention, and compliance, legacy systems are proving increasingly inadequate. Manual settlement processes, multi-day cross-border transfers, high transaction fees, and fragmented compliance checks all limit the ability of banks to scale securely and serve digitally native clients.
Blockchain offers a fundamental redesign of how banks operate. Instead of relying on centralized intermediaries or paperwork-heavy workflows, blockchain introduces a distributed infrastructure where transactions are verified, timestamped, and recorded immutably across multiple parties. The result is faster settlement, lower risk, and full auditability.
According to an IBM and Juniper Research study, blockchain implementation in banking can reduce settlement time by up to 60% and cut infrastructure costs by 30% or more in the long term. In high-value services like cross-border payments, blockchain reduces processing time from days to minutes, unlocking billions in working capital trapped in delayed clearing.
Security also sees a measurable improvement. With built-in cryptography, consensus mechanisms, and tamper-evident records, blockchain reduces fraud risk by up to 50% in high-volume transaction environments, based on findings from Deloitte and Accenture’s joint financial services report in 2024.
Beyond infrastructure optimization, blockchain enables entirely new business models. Through tokenization, banks can issue digital versions of traditional assets, like bonds, commodities, or even real estate, unlocking liquidity and accessibility for a broader investor base. Meanwhile, smart contracts support programmable financial products such as conditional loans, dynamic insurance, and automated escrow.
Singapore’s regulatory climate is a major catalyst. The Monetary Authority of Singapore (MAS) has emerged as a global leader in blockchain experimentation, with initiatives such as Project Ubin (focused on interbank payments), Project Guardian (testing tokenized finance and DeFi protocols), and clear guidelines around DLT usage, digital asset licensing, and risk management. This proactive approach provides banks with the confidence to deploy blockchain solutions at scale, knowing they align with legal and compliance frameworks.
In 2025, blockchain is no longer an experimental edge case; it is becoming a standard component of digital banking infrastructure. For Singapore’s banks, adopting blockchain is not about chasing trends; it’s about building operational resilience, customer trust, and global competitiveness in an always-on financial world.
II. Key Criteria When Choosing a Blockchain Provider for Banks
For banks operating in Singapore, the decision to adopt blockchain isn’t only about technology. It’s about trust, scalability, and long-term vision. When evaluating blockchain providers, banks focus on several key factors.
First, the provider must demonstrate its readiness for compliance. This means building systems that meet MAS’s expectations for data privacy, financial integrity, and anti-money laundering measures. Second, the provider must have proven experience working within financial ecosystems. This includes familiarity with cross-border settlements, asset custody, and institutional-grade security.
Performance is another essential factor. Banks need blockchains that support thousands of transactions per second without compromising reliability. Scalability and interoperability also play a big role, especially when integrating with legacy core banking systems or when connecting across blockchain networks. Lastly, banks look for continuity. A blockchain provider should offer strong technical support, regular upgrades, and a collaborative approach to system maintenance.
These requirements explain why certain blockchain providers have emerged as long-term partners to Singapore’s banking institutions. Let’s take a deeper look at 10 of them.
III. 10 Blockchain Providers Helping Singapore’s Banks Go Digital in 2025
1. R3
Specialty: Financial-grade blockchain for enterprise
R3 is the creator of Corda, a blockchain platform designed specifically for regulated industries. Unlike public blockchains, Corda allows transactions to remain private between involved parties while still ensuring full traceability and security. This architecture appeals to banks that need to protect client confidentiality while operating in multi-party environments.
In Singapore, Corda has been used in syndicated lending, digital bond issuance, and trade finance. Its ability to support complex workflows across multiple institutions makes it especially attractive for banks looking to modernize financial agreements without compromising legal oversight.
2. Ripple
Specialty: Cross-border payments
Ripple’s blockchain-based network, RippleNet, is tailored for fast, low-cost international payments. It reduces reliance on traditional correspondent banking networks by enabling real-time settlement and liquidity management. Banks in Singapore and across Southeast Asia are exploring Ripple as a strategic solution for remittances, foreign exchange, and treasury flows.
Ripple doesn’t force the use of its native token (XRP), making the platform flexible for banks who want to access the infrastructure without being tied to a cryptocurrency. This hybrid model has helped Ripple gain traction with institutions that demand both control and efficiency.
3. SotaTek
Specialty: Blockchain development, AI-powered regtech solutions, custom fintech platforms.
SotaTek is a Vietnam-headquartered blockchain development company with a strong presence in Singapore. Known for delivering custom solutions for fintechs and digital banks, SotaTek builds everything from smart contract infrastructure to enterprise-grade tokenization systems. The company works closely with banks and regulated financial entities across APAC, helping them launch blockchain-powered solutions that align with MAS requirements. With end-to-end services including consulting, development, integration, and post-launch support, SotaTek is a key player in enabling blockchain adoption in Singapore’s financial sector.
4. ConsenSys (Quorum)
Specialty: Ethereum-based enterprise solutions
Quorum, an enterprise-grade variant of Ethereum, is developed and supported by ConsenSys. It brings Ethereum’s smart contract capabilities into a permissioned environment, allowing banks to build decentralized applications while controlling who can access what data.
Singapore-based financial institutions have explored Quorum in initiatives involving tokenized government bonds and financial derivatives. Its support for complex business logic and its compatibility with Ethereum development tools make it a powerful choice for banks building next-generation financial products.
5. Hyperledger Fabric
Specialty: Custom private blockchain for business networks
Hyperledger Fabric, an open-source project under the Linux Foundation, has been widely adopted by banks seeking to build custom private blockchain networks. Its modular architecture lets banks define roles, rules, and access for each participant, enabling complex workflows in a secure environment.
In Singapore, Fabric has been trialed for digitizing trade documents, automating KYC processes, and streamlining interbank data sharing. The ability to run parallel channels for different transactions gives banks granular control over their operations.
6. Fireblocks
Specialty: Digital asset custody and secure transfers
Fireblocks focuses on one of the most critical aspects of blockchain banking: secure custody and transfer of digital assets. With the rise of tokenized money and stablecoins, banks need safe infrastructure to manage keys, sign transactions, and comply with financial regulations. Fireblocks offers multi-party computation (MPC) technology that eliminates single points of failure.
Banks and fintechs in Singapore rely on Fireblocks for everything from digital asset wallets to automated treasury operations. Its strong security reputation and user-friendly APIs make it a go-to choice for institutions getting serious about digital finance.
7. Hashstacs (STACS)
Specialty: Capital market blockchain and ESG finance
STACS is a Singapore-based blockchain provider building platforms for capital markets and green finance. It helps banks tokenize ESG-linked bonds, automate compliance tracking, and create verifiable records for environmental claims. STACS was involved in Project Greenprint, an MAS-led initiative to support sustainable finance.
Unlike generic blockchain platforms, STACS focuses specifically on the needs of regulated financial institutions. Its infrastructure is designed to help banks meet both operational and sustainability goals, a dual objective that is gaining urgency in today’s market.
8. Chainalysis
Specialty: Blockchain analytics and regulatory tools
Chainalysis provides analytics tools that help banks understand activity on public blockchains. As banks in Singapore begin offering crypto custody, trading, or payment services, they need tools to detect suspicious transactions and ensure compliance with anti-money laundering rules.
Chainalysis enables banks to monitor wallet behavior, map out connections between transactions, and generate reports for regulators. It plays a key role in helping traditional banks safely enter the world of decentralized finance without exposing themselves to risk.
9. Polygon Labs
Specialty: Scalable Ethereum-compatible blockchain
Polygon is a scaling solution for Ethereum that offers faster and cheaper transactions. While not originally built for banks, it has become popular with fintech startups and experimental banking pilots in Singapore. From customer loyalty tokens to microlending platforms, Polygon supports lightweight financial applications that banks are beginning to explore.
Its compatibility with Ethereum and wide developer base make it easy to prototype and launch projects. As banks seek to test new ideas without overhauling legacy systems, Polygon offers a cost-effective entry point.
10. Partior
Specialty: Interbank settlement network
Partior is a blockchain-based clearing and settlement network founded by DBS, JPMorgan, and Temasek. Its mission is to modernize interbank transactions by allowing banks to exchange value in real-time, 24/7. Unlike legacy systems that require intermediaries and business-hour restrictions, Partior creates a direct network between trusted banks.
Partior has already been integrated into some of Singapore’s banking operations and is expected to expand across regional financial systems. Its success could pave the way for faster, lower-cost interbank settlements in the future.
IV. Rethinking the Bank: How Blockchain Is Reshaping Core Banking Models
In 2025, blockchain is not just changing how banks process transactions; it’s redefining what a bank is.
Singapore’s financial sector has long been recognized for its willingness to rethink legacy models. As blockchain adoption accelerates, we’re seeing not just technological upgrades but systemic redesigns. Instead of relying on siloed databases, outdated reconciliation processes, and slow-moving global infrastructure, blockchain enables banks to become leaner, more transparent, and radically more agile.
1. From Centralized Systems to Distributed Infrastructure
Traditional banks operate on core systems where control, storage, and processing reside in centralized databases. Blockchain changes this by allowing secure, decentralized recordkeeping that can be verified and updated in real time by multiple stakeholders. This shift isn’t just technical, it’s philosophical. It redefines trust as something built through code, consensus, and cryptography, not just institutional authority.
In Singapore, this infrastructure shift is enabling 24/7 operations, automated reconciliations, and the creation of shared digital networks where value can move between banks without intermediaries.
2. From Product-Centric to Protocol-Driven
Banks have historically been product-focused loans, savings accounts, cards,... each with its system and rules. Blockchain introduces a protocol-driven model where programmable contracts can govern how financial interactions unfold. This opens the door to composability, building new services by layering and connecting protocols.
Imagine a syndicated loan, executed not through layers of legal paperwork but via a shared smart contract across multiple banks. Or trade finance flows, where documents, payments, and compliance checks are all embedded into a single protocol.
3. From Institutional Gatekeepers to Network Participants
In the traditional model, banks act as sole custodians of identity, capital, and access. Blockchain allows them to shift roles from gatekeepers to trusted participants in broader financial networks. Instead of owning every transaction end-to-end, banks can plug into ecosystems where verified identity, tokenized assets, and real-time compliance are shared across entities.
Singapore’s progressive stance on Open Finance and MAS’s support for interoperable networks is accelerating this evolution. Shortly, customers may not even notice which bank is executing a financial service, only that it’s fast, secure, and accessible on demand.
By embracing blockchain not as a product but as a foundational architecture, Singaporean banks are laying the groundwork for entirely new models of finance. The implications go beyond tech stacks; they touch on regulation, competition, and the very definition of banking itself.
V. Final Thoughts: Choosing the Right Blockchain Partner in 2025
Blockchain is no longer a frontier experiment or a buzzword attached to pilot projects. In 2025, it stands as a mission-critical technology that underpins the next era of banking. For Singapore, already home to one of the most forward-looking regulatory frameworks in the world, blockchain is enabling banks to rethink not just how money moves, but how trust is built, how risk is managed, and how value is exchanged at scale.
Choosing the right blockchain partner is no longer about finding a vendor with the right tech stack. It’s about selecting a collaborator who understands the pace, pressure, and precision required in the regulated financial space. Banks today are not just deploying decentralized infrastructure; they’re navigating shifting compliance standards, cross-border expectations, and growing demand for transparency from both regulators and customers.
The blockchain providers featured in this article have proven themselves in real-world implementations, with use cases ranging from trade finance automation and digital asset issuance to cross-border remittances and ESG-linked reporting. These companies are not just building systems; they are helping banks redesign how their back offices, compliance teams, and customer channels operate. They offer reliability, agility, and insight—three traits no digital bank can afford to compromise on.
For banks still evaluating blockchain, the question is no longer “if” but “how fast.” Delays in adoption mean falling behind not only in operational efficiency but in customer experience, financial inclusion, and future-readiness. That’s where selecting an experienced, consultative partner becomes key.
Conclusion
At SotaTek, we understand that financial transformation isn’t just about code; it’s about compliance, integration, and building with confidence. From early-stage consulting to full-scale deployment and support, we offer end-to-end blockchain services that empower banks to move from strategy to reality. Whether you're exploring tokenized deposits, programmable payments, or secure multi-chain integrations, our team is equipped to deliver solutions that meet MAS standards and scale globally.
If your institution is preparing to take the next step in digital finance, now is the time to act. Let’s build the future of banking together. Contact us here!
https://www.sotatek.com/ 
(+84)2466585248 
