PANews reported on October 30 that according to the official website, the Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN) to promote the development of Singapore's fintech ecosystem and promote greater synergy and networking with the global fintech community.

Among them, the first phase of measures include developing a regulatory sandbox framework, establishing cross-border payment links, piloting digital assets and tokenization, and promoting the adoption of artificial intelligence. GFTN will work with MAS to advance industry and policy dialogues in the fields of payment, asset tokenization, and AI/quantum.