MAS to boost sustainable finance in Singapore with AI and tokenization

Global hedge fund managers and private credit managers favour Singapore as a prime office location.

Singapore remains to be an attractive hub for alternative and hedge fund managers to set up their regional investment teams, the Monetary Authority of Singapore (MAS) said at the AIMA Singapore Annual Forum.

In 2023, over 250 global hedge fund managers set up offices in Singapore. There is also an increase in the number of private credit and other alternative managers in Singapore, such as Apollo, Blackstone, HPS, and Oaktree.

When it comes to decarbonisation, Singapore has catalysed sustainable and transition financing needs for the region and globally.

MORE LIKE THIS: Sea rebounds with US$162.7m net income in FY23

MAS launched the Singapore-Asia Taxonomy for Sustainable Finance which will serve as a practical guide for asset managers, asset owners, and other stakeholders to identify and allocate capital to green and transition activities and projects.

Additionally, MAS also introduced the Singapore Sustainable Finance Association (SSFA) which is an industry-led platform that will collaborate across the financial and real economy sectors to promote Singapore as a sustainable finance centre.

To promote digitalisation in the finance sector, MAS will pilot asset tokenisation initiatives using Singapore fund structures though the Project Guardian, in collaboration with the asset management industry.

MAS will also join hands with the Institute of Banking and Finance Singapore (IBF) to study Gen AI use cases to scale its potential use in financial services and in upskilling and reskilling the financial sector workforce.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia