XFERS holds a Major Payment Institution License issued by the Monetary Authority of Singapore. The Payment Services Act imposes a variety of conditions on licensees for the protection of customer assets.

As prescribed by the Singapore Payment Services Act, a major payment institution has to put the following safeguards in place: a) an undertaking or guarantee by any bank in Singapore or prescribed financial institution to be fully liable to the customer for such monies; b) a deposit in a trust account; or c) any other safeguards as may be prescribed by MAS.

Thus, XSGD reserves are fully segregated and bankruptcy-remote.