Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»$150 Million Fund Launched to Drive Next-Generation Technologies!
BLOCKCHAIN NEWS

$150 Million Fund Launched to Drive Next-Generation Technologies!

By Crypto FlexsNovember 25, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
0 Million Fund Launched to Drive Next-Generation Technologies!
Share
Facebook Twitter LinkedIn Pinterest Email

The Monetary Authority of Singapore (MAS) recently reaffirmed its commitment to promoting technological innovation within the financial sector with the introduction of the latest version of the Financial Sector Technology and Innovation Initiative (FSTI 3.0). This initiative highlights our ongoing efforts to drive advancements and embrace new technologies in the financial industry.

below this planMAS will allocate up to $150 million over the next three years to accelerate the adoption of cutting-edge technologies and foster a thriving technology ecosystem within the industry.

FSTI 3.0 consists of three new tracks to support projects that leverage new technologies and have regional impact.

The Monetary Authority of Singapore (MAS) will commit up to $150 million over three years under its refreshed Financial Sector Technology and Innovation Initiative (FSTI 3.0).

Learn more here: https://t.co/tqZNBVQCIw#MASNews #FSTI3 #fintech #SGEEconomy pic.twitter.com/NIAJF8I1kv

— MAS (@MAS_sg) August 7, 2023

Improved Center of Excellence track

This funding will enable CVC to provide strong mentorship and support to startups, fostering the growth and development of resilient and viable business models.

The Enhanced Center of Excellence track, previously called the Innovation Labs track, has been expanded to include corporate venture capital (CVC) firms. Under this programme, CVC’s eligible costs will be financed up to 50%, up to S$2 million per project. This funding initiative aims to help CVCs provide strong mentorship and support to startups to accelerate their growth and foster the creation of sustainable and successful business models.

Innovation Acceleration Track

MAS’ Innovation Acceleration Track recognizes the importance of collaboration with industry and is launching an open call to solicit proposals to leverage cutting-edge technologies in specific industries. Grants will be provided to support the implementation and real-world testing of FinTech solutions derived from emerging technologies such as Web 3.0.

Environmental, Social, and Governance (ESG) Fintech Track

The ESG Fintech track is designed to foster widespread adoption of ESG fintech solutions by providing funding to projects focused on addressing the ESG data, reporting and analytics needs of the financial sector.

Eligible projects can receive up to 50% of eligible costs, up to a maximum of S$500,000 per project, to facilitate the development and implementation of these initiatives.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Skale Labs fairly publishes a technical white paper and introduces the industry’s first “encryption proof” consensus protocol.

September 10, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025
Most Popular

Bitcoin bulls are pushing for $66,000, but will they succeed?

September 24, 2024

Trader predicts rebound in small-cap altcoins, saying two Ethereum rivals could outperform the cryptocurrency market

May 14, 2024

A year for cryptocurrencies to rebuild their image, fueled by ETF hopes and regulatory clarity

December 27, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.