The FinTech Regulatory Sandbox guidelines set out the objective and principles of the sandbox, and provide guidance to the applicant on the application process, the main evaluation criteria and the information to be furnished to MAS.

List of Sandbox Experiments

Propine Technologies Pte Ltd

Sandbox Period: 08 Nov 2019 - 07 Aug 2020

Institution Type: Providing Custodial Services


Address: Block 79 Ayer Rajah Crescent, #03-01 BASH, Singapore 139955

Telephone: +65 3158 8390

Remarks: Clients of Propine Technologies Pte Ltd will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC)

ICHX Tech Pte Ltd - exited sandbox on 31 Jan 2020

Sandbox Period: 01 May 2019 - 31 Jan 2020

Institution Type: Dealing in Capital Markets Products, Providing Custodial Services, Recognised Market Operator


Address: 150 Beach Road, Gateway West #06-03/04, Singapore 189720

Telephone: +65 6206 7878


ICHX Tech Pte Ltd has completed its experiment and exited the sandbox on 31 Jan 2020.

ICHX Tech Pte Ltd holds a Capital Markets Services Licence for (a) dealing in capital markets products that are securities or units in a collective investment scheme; and (b) providing custodial services, under section 86 of the Securities and Futures Act with effect from 1 Feb 2020.

ICHX Tech Pte Ltd is also a recognised market operator under section 9(1) of the Securities and Futures Act with effect from 1 Feb 2020.

For more information, please refer to the Financial Institutions Directory.

Inzsure Pte Ltd - exited sandbox on 31 Oct 2019

Sandbox Period: 01 Nov 2018 - 31 Oct 2019

Institution Type: Insurance Brokers


Address: 20 Collyer Quay #09-01, Singapore 049319

Telephone: +65 9859 8880

Remarks: Inzsure Pte Ltd has exited the sandbox on 31 Oct 2019. With effect from 1 Nov 2019, it can no longer carry on the business as an insurance broker in Singapore.