BitGo Holdings (NYSE: BTGO) subsidiary BitGo Singapore Pte. Ltd. and digital payments company dtcpay announced a partnership to develop digital asset payment infrastructure across global markets, according to a press release.

Under the agreement, dtcpay plans to use BitGo Singapore's digital asset infrastructure to strengthen its operational capabilities, enhance asset security, and expand its payment network. BitGo Singapore holds a license from the Monetary Authority of Singapore as a Major Payment Institution for Digital Payment Token Service and Cross-border Money Transfer Service.

"Trust and compliance are non-negotiable in digital payments. BitGo Singapore's regulated infrastructure is the ideal foundation for dtcpay to scale our global payment network," said Alice Liu, Founder and CEO of dtcpay.

Angela Ang, Managing Director of BitGo Singapore, said the collaboration is intended to provide regulated infrastructure as dtcpay expands into new markets.

The two companies also stated they intend to explore additional opportunities in regulated digital asset markets beyond the initial agreement.

dtcpay is headquartered in Singapore and holds licenses in Luxembourg, Hong Kong, Australia, the United States, and Canada. BitGo Singapore is a subsidiary of BitGo Holdings, which listed on the New York Stock Exchange under the ticker BTGO.