November 19, 2016
Singapore is one of the gems of the global financial services industry ecosystem with ~200 banks with total assets of $2 trillion having operational headquarters in Singapore. Global financial institutions like Mastercard, UBS, DBS Bank, OCBC, Wells Fargo and Citigroup are launching (or have already launched) their innovation labs and accelerators in Singapore along with significant investments in the ecosystem.
Global financial services companies have their Asian satellites operating from Singapore including AmEx, Citibank, JPMorgan Chase, HSBC and numerous other international financial organizations. For a better understanding of the Singaporean FinTech industry, we previously have looked at some examples of FinTech startups, investors, accelerators and conferences taking place in Singapore, which have built an outstanding ecosystem by innovative solutions and opportunities.
A particular part of the ecosystem, however, deserves a special attention. Not only is Singapore known for its conductive business-friendly environment with extremely supportive government, but also for hosting some of the most interesting blockchain companies playing a vital role in global blockchain ecosystem.
In addition, Singapore recently has been under the spotlight for a series of blockchain-related events in the financial and tech world.