Gan Kim Yong: “The government will do our part - supporting product innovation, supply chain resilience and enterprise transformation.”

Not only is it a new industry, it is also evolving very rapidly with the emergence of AI and frontier technologies.

Asia’s demand for financial services is growing ... At the same time, global fragmentation and uncertainty are raising the premium on safe, trusted and credible venues for intermediation.

Taken together, these efforts will help our financial institutions, fintech firms, and workers innovate, scale, and build the capabilities to seize the emerging opportunities.

And hopefully, with this, it will keep Singapore's financial sector and fintech industries continue to be very competitive.