Gan Kim Yong: “Not only is it a new industry, it is also evolving very rapidly with the emergence of AI and frontier technologies.”

I think as we get better, Hong Kong and other financial centres will also get better.

The government will do our part - supporting product innovation, supply chain resilience and enterprise transformation.

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

This strengthens Singapore’s proposition as a jurisdiction where reserve assets can be securely held, actively managed, and connected to wider market liquidity during Asian trading hours.