The Monetary Authority of Singapore has established the Global Financial and Technology Network (GFTN), the first phase of which will pilot digital a
the Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and to drive greater synergies and networks with the global fintech community. The first phase of measures includes developing a regulatory sandbox framework, establishing cross-border payment links, piloting digital assets and tokenization, and promoting the adoption of artificial intelligence (AI). GFTN will collaborate with MAS to advance industry and policy dialogues in the areas of payments, asset tokenization, and AI/quantum.
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