Digital asset exchange Crypto.com announced that it will establish its first Global Innovation Lab in Singapore, making the city-state its designated global R&D hub.
The new lab will be focused on identifying novel applications for blockchain, WEB3.0 and AI as well as exploring new ventures with strategic partners and hackathons.
As an immediate next step, Crypto.com said that it will build a new team fully dedicated to the lab with additional roles to be established in the future.
This comes on the heels of Crypto.com’s announcement that it has secured its Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
Prash Pandit
“We are focused on experimenting with the latest technologies in a responsible manner so that we can effectively launch new utilities to the global community.
The power of Web3 and blockchain technology is only starting to be realized, and now with the adoption of AI and its convergence with crypto, we have even more of a frontier to explore.”
said Prash Pandit, Senior Vice President, Product and Innovation of Crypto.com.
Chin Tah Ang
“We are tremendously proud to be a part of such an innovative ecosystem in Singapore supported by the MAS, and to launch this new Global Innovation Lab initiative.
It will deepen our roots in Singapore, and enable us to invest in new local programmes with global scale to drive our industry forward.”
said Chin Tah Ang, General Manager, Singapore of Crypto.com.
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- Source: https://fintechnews.sg/75563/crypto/crypto-com-to-set-up-global-innovation-lab-for-blockchain-web3-0-and-ai-projects/
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