Last Updated on August 8, 2023 by Bitfinsider
The Singapore Monetary Authority announced a commitment of up to $150 million Singapore dollars over three years through 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 recognises the importance of partnering with the industry to support innovative FinTech solutions arising from emerging technologies such as Web 3.0,” the statement said.
The financial authority went on to say 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.”
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