300 views
Photo from Mike Enerio from Unsplash

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.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.