The Monetary Authority of Singapore (MAS) is setting up a Future of Finance Institute to help financial firms move AI and tokenisation projects beyond pilots.
The institute will initially focus on AI and tokenisation, bringing together financial institutions, technology firms, researchers and fintech players to support wider adoption across the sector.
The Future of Finance Institute will build on existing MAS-led initiatives in AI and tokenisation, including the MindForge AI Risk Management Toolkit, PathFin.ai, Project Guardian and Project Orchid.
MAS said the institute will act as a coordinating body for the next phase of Singapore’s financial innovation efforts.
While MAS will continue to set policy and regulatory frameworks, the institute will work with industry to reduce adoption barriers and support deployment across institutions of different sizes.
Its work will include maintaining a knowledge hub of validated use cases, deployment guides and solution providers.
It will also support industry collaboration through an innovation garage, provide sandboxes for testing technologies such as programmable money, tokenised assets and AI-enabled workflows, and develop toolkits for areas such as agentic AI and programmable compliance.
The institute will have a board comprising representatives from MAS, major financial institutions, technology firms and academia. It will also draw on practitioners with industry and technology experience.
More details on the Future of Finance Institute’s strategy and governance will be announced later this year.