MAS Establishes Future of Finance Institute to Scale Financial Innovation

Singapore, 25 June 2026…The Monetary Authority of Singapore (MAS) today announced that a Future of Finance Institute (FFI) will be established to accelerate the adoption of new financial technologies and catalyse innovation in the financial sector. FFI will initially focus on Artificial Intelligence (AI) and Tokenisation, and help connect the financial and technology ecosystems and provide shared resources and expertise needed to promote broad-based adoption of these technologies. The announcement was made at the ABS Annual Dinner on 25 June 2026 by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS.

2 FFI builds on a foundation of strong public-private sector collaboration across MAS' AI and tokenisation initiatives. In AI, the MindForge AI Risk Management Toolkit was co-developed by leading banks, insurers, asset managers and technology firms to advance industry practices for managing emerging AI risks. Similarly, PathFin.ai, with over 200 participating financial institutions, has become the industry's shared platform for developing and validating new and emerging AI industry use cases. The same collaborative model has driven progress in tokenisation. Project Guardian has brought together banks, custodians, and market infrastructure operators to test live tokenisation use cases across foreign exchange, funds, and fixed income in six currencies, while Project Orchid has laid the groundwork for testing purpose-bound money and developing digital Singapore dollar infrastructure.

3 FFI brings these efforts together under a single coordinating body, marking the next phase of Singapore's financial innovation development. While MAS continues to set the policy and develop appropriate regulatory frameworks for financial innovation, FFI will work directly with industry to accelerate the transition from experimentation to broad-based deployment of new technologies, lowering adoption barriers for institutions of all sizes. It orchestrates ecosystem development by connecting the financial industry with domestic and international technology researchers, solution providers, and the FinTech ecosystem to drive collaboration, translate capabilities into real-world solutions, scale adoption across the industry and create opportunities for Singaporeans to take on emerging roles as new technology reshapes the financial sector.

4 FFI will offer four areas of capability to support industry-wide use and deployment of frontier technologies.

a. Knowledge Hub. An expanded repository of validated use cases, deployment playbooks and solution providers, complemented by a capability development roadmap, to help financial institutions of all sizes adopt frontier technologies.

b. Innovation Garage. Orchestrate industry-wide collaboration around targeted AI and tokenisation initiatives, pooling resources across research institutes, FinTechs, and financial institutions to accelerate the move from experimentation to deployment.

c. Industry Sandboxes. Help financial institutions test innovations in a safe environment, through controlled testing environments for experimentation and pre-deployment validation of emerging technologies, including programmable money, tokenised assets and AI-enabled workflows.

d. Implementation Toolkits. Develop reference toolkits, including a Programmable Compliance Toolkit for tokenised assets and an updated AI Risk Management Toolkit with implementation guides for deploying agentic AI with appropriate safeguards to help financial institutions scale adoption sustainably.

5 FFI will establish a board comprising representatives from MAS, major financial institutions, technology firms, and academia. The FFI will also draw on the expertise of practitioners with deep industry and technology experience, enabling it to operate with the agility needed to keep pace with technological developments.

6 Further details of FFI's strategies and governance will be announced later this year.

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