Monetary Authority of Singapore Establishes Global Financial and Technology Network GFTN, Phase 1 to Pilot Digital Assets and Tokenization and Promote AI Adoption
2024-10-30 06:31:24
Singapore monetary authority mas announced establishment global financialdesk3cryptocurrencydesktopCrypto News
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 drive greater synergy effects and networking with the global fintech community. Among these, the first phase of measures includes developing a regulatory sandbox framework, establishing cross-border transfer linkages, piloting digital assets and tokenization, and promoting the adoption of artificial intelligence (AI). GFTN will work with MAS to advance industry and policy dialogue in the areas of payments, asset tokenization, and AI/quantum.
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