launches Singapore-based Global Innovation Lab has announced that it is launching a Global Innovation Lab based in Singapore with the objective of bringing together the expertise of Web3, blockchain, and Artificial Intelligence. will leverage the potential of the region to ensure that Singapore becomes a global hub for R&D.

The announcement was made during the Point Zero Forum, wherein announced that the new team it hires will actively work on experimenting with new frontier technologies and exploring opportunities in new ventures via strategic partnerships and hackathons. The goal will remain to identify novel applications for the three sectors.

Prash Pandit, the Senior Vice President of for Product and Innovation, expressed their excitement to pursue the launch with a new team of top talent aligned with their vision. Prash added that the focus would be on experimenting with new technologies so that the team can introduce new utilities in a vibrant and healthy manner.

It will spread across the globe for members of all the eligible countries to experience what brings to the market through the Global Innovation Lab.

Chin Tah Ang, the General Manager of in Singapore, echoed a similar tone while expressing excitement. Chin said that they were tremendously proud to be a part of such an innovative ecosystem, adding that it will help them deepen their roots in Singapore and enable them to invest in local programs with global scalability capabilities.

Everyone has welcomed the move, including the Chief FinTech Officer of MAS, Sopnendu Mohanty. They have said that Singapore welcomes the initiative by and commits to extending the opportunities to leverage the strong digital infrastructure of Singapore along with a local talent pool.

Everyone is now looking forward to establishing the presence of the Global Innovation Lab and making it a live example of what the crypto industry can do if regulators and relevant authorities offer support to the ventures.

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The Global Innovation Lab has been constructed with enough space to leverage the true capabilities of Singapore in terms of technology and as a global financial hub. Together, the mission is to accelerate the development of the industry responsibly and innovatively.

The next immediate step for is to hire a new team. This will be followed by a long-term plan for introducing additional roles in the venture.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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