The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
The Monetary Authority of Singapore (MAS) has established the Global Finance and Technology Network (GFTN) as part of its ongoing effort to position Singapore as a global hub for fintech innovation.
On Oct. 30, Singapore’s central bank and financial regulatory authority, MAS, announced the launch of the GFTN for the second phase of its fintech growth initiative. The GFTN will replace Elevandi, a nonprofit entity set up by MAS to connect people and businesses, as well as ideas and insights in the fintech sector in Singapore and globally.
Source: The Monetary Authority of Singapore
