TechFlow news: The Monetary Authority of Singapore (MAS) said in a statement that it will invest $150 million over the next three years in web3 startups and other technologies.
"MAS recognizes the importance of collaborating with the industry to support innovative fintech solutions arising from emerging technologies such as Web 3.0. MAS will issue open calls for the use of innovative technologies in industry use cases. Grant funding will be provided to support practical trials and commercialization."
The investment will be made under the new Financial Sector Technology and Innovation scheme (FSTI 3.0), a program that has been running since 2015 but now includes Web3 for the first time.
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