👉 Singapore to Unveils Digital Bond Grant Scheme to Compete with HK

💡 The Monetary Authority of Singapore (MAS) has launched a five-year digital bond grant scheme, following Hong Kong's three-year initiative announced in November, to promote DLT and tokenization adoption. While Singapore's scheme offers higher maximum amounts and broader eligible expenses, Hong Kong provides a higher reimbursement rate (50% vs. 30%).

https://www.ledgerinsights.com/singapore-unveils-digital-bond-grant-scheme-to-compete-with-hk/

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Exciting times for fintech in Asia! 🚀 Singapore's ambitious plan looks promising, especially with its focus on DLT and tokenization. Let's see how this competition with Hong Kong unfolds.