OpenAI will invest more than S$300 million to expand Singapore’s AI ecosystem, including opening its first overseas Applied AI Lab and creating more than 200 technical jobs. Singapore is also deepening AI partnerships with global firms including Google to boost AI adoption, workforce training, healthcare research, and public services.

Monetary Authority of Singapore has revoked the crypto payment license of Bsquared Technology after uncovering what regulators described as serious compliance failures, weak internal controls, and repeated instances of “false or misleading” information provided to authorities.

OpenAI is dramatically expanding its global footprint by launching its first applied AI lab outside the United States in Singapore through a multiyear partnership worth more than $234 million, positioning the city-state as one of the company’s most important strategic AI hubs in Asia.

Singapore is testing AI with five banks and agencies to spot scam transactions earlier using shared data. The trial aims to improve detection and reduce losses, with plans to expand if it works well.

Robinhood has received in-principle approval from Singapore’s MAS to move closer to offering brokerage services, including trading, custody and investment products. It still needs to meet regulatory conditions before it can officially launch in the country.

OCBC has launched a tokenised gold fund called GOLDX with Lion Global Investors and DigiFT, giving institutional investors access to physical gold through tokens on Ethereum and Solana. The tokens can be bought using fiat or stablecoins and are sent to blockchain wallets, linking traditional gold investment with digital asset infrastructure.

A Singapore court has intervened in a heated crypto feud after OneKey's founder Wang Lei published an expose accusing the Curve-linked developer of being the cause of the $9.6 million DeFi exploit — forcing the targeted contributor to seek legal protection against alleged harassment and defamation.

Startale Group raised $63 million in a Series A round, with $50 million from SBI Group and $13 million from Sony Innovation Fund. The funding will be used to scale Strium for tokenized securities, expand yen and dollar stablecoins, and develop Startale’s app into a consumer SuperApp.

Ripple has joined a regulatory sandbox in Singapore to pilot programmable trade finance using its enterprise stablecoin RLUSD, marking a step toward real-world blockchain adoption in cross-border settlement.

Ripple is testing its RLUSD stablecoin in Singapore’s MAS BLOOM sandbox to automate cross-border trade payments. The pilot with Unloq aims to replace slow manual processes with programmable payments on the XRP Ledger.