Sandbox

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.


Key Resources

Regulatory Sandbox Guidelines (690.4 KB)
Regulatory Sandbox Application Form (44.1 KB)
Regulatory Sandbox FAQs (368.2 KB)
Regulatory Sandbox Infographic (314.9 KB)
Response to Feedback Received (929.9 KB)

List of Sandbox Experiments

HGX Pte Ltd

Sandbox Period: 22 Jun 2020 - 21 Dec 2020

Institution Type: Recognised Market Operator, Providing Custodial Services

Website: https://hg.exchange/

Address: 18 Cross Street, #02-101, Cross Street Exchange, Singapore 048423

Telephone: +65 6911 1923

Remarks:

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

Sandbox Period: 08 Nov 2019 - 07 Jan 2021

Institution Type: Providing Custodial Services

Website: https://www.propine.com/

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

Telephone: +65 3158 8390

Remarks:

  1. Clients of Propine Technologies Pte Ltd will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).
  2. The sandbox expiry date has been extended from 7 Aug 2020 to 7 Jan 2021.
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

Website: https://www.istox.com/

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

Telephone: +65 6206 7878

Remarks:

  1. ICHX Tech Pte Ltd has completed its experiment and exited the sandbox on 31 Jan 2020.
  2. 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.
  3. 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.
  4. 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

Website: https://www.inzsure.com/

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

Telephone: +65 9859 8880

Remarks:

  1. 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.