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MAS launches new institute for AI and tokenisation adoption

The Future of Finance Institute will update toolkits.

The Monetary Authority of Singapore (MAS) is establishing the Future of Finance Institute (FFI) to ramp up adoption and innovation of new technologies in the financial sector.

FFI will initially focus on artificial intelligence (AI) and tokenisation, MAS said in a statement on 25 June.

MAS will set the policy and develop appropriate regulatory frameworks for financial innovation, whilst the institute will work directly with industry to accelerate the transition from experimentation to deployment of new technologies, the central bank said.

FFI is expected to help connect Singapore’s financial industry with domestic and international technology researchers, solution providers, and the fintech ecosystem.

The institute will have a knowledge hub, or a repository of validated use cases and deployment playbooks.

FFI will also offer an innovation garage for collaboration around AI and tokenisation, where resources will be pulled across researchers, fintechs, and financial institutions.

It will also launch industry sandboxes and develop implementation toolkits, such as a Programmable Compliance Toolkit for tokenised assets.

FFI will also update the AI Risk Management Toolkit to account for agentic AI.

The institute’s board will comprise representatives from MAS, major financial institutions, technology firms, and members of the academia.

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