Monetary Authority of Singapore Commits Funding for Fintech and Web3

Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Monetary Authority of Singapore announced a commitment of up to $150 million Singapore dollars over three years under the Financial Sector Technology and Innovation Scheme — which includes a track to "support innovative FinTech solutions arising from emerging technologies such as Web 3.0.

"MAS recognizes the importance of partnering with the industry to support innovative FinTech solutions arising from emerging technologies such as Web 3.0," itThe financial authority added that it"will conduct open calls for the use of innovative technologies in industry use cases" and that"grant funding will be provided to support actual trial and commercialization."

There is also an Environmental, Social and Governance FinTech track to promote the adoption of ESG fintech solutions.Singapore is undoubtedly a hotbed for the blockchain and crypto industry.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monetary Authority of Singapore commits funding for fintech, web3The Monetary Authority of Singapore has committed funding to, among other things, the support of fintech innovation — including web3.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Singapore commits $112M to support fintech solutions like Web3The Monetary Authority of Singapore also highlighted that the new scheme will continue to support the adoption of artificial intelligence and data analytics. According to the announcement, the new scheme will aim to “accelerate and strengthen innovation” by supporting projects that use cutting-edge technologies.
Source: Cointelegraph - 🏆 562. / 51 Read more »