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.
List of Sandbox Experiments
Sandbox Period: 15 Jun 2021 - 14 Mar 2022
Institution Type: Recognised Market Operator
Website: https://www.investax.io/
Address: 5 Shenton Way, #10-01, UIC Building, Singapore 068808
Telephone: +65 6911 6926
Remarks:
- IC SG Pte Ltd currently holds a Capital Markets Services Licence for dealing in capital markets products that are securities or units in a collective investment scheme. It is also an exempt financial adviser for advising on investment products that are units in a collective investment scheme.
- Clients of IC SG Pte Ltd for the activity of establishing or operating an organised market, will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).
Sandbox Period: 24 May 2021 - 23 Feb 2022
Institution Type: Providing Custodial Services
Website: https://www.hydrax.io/services/custody/
Address: 11 Collyer Quay, #19-02, The Arcade, Singapore 049317
Telephone: +65 6980 6330
Remarks:
- Clients of HydraX Digital Assets Pte Ltd will not have access to the dispute resolution scheme managed by the Financial Industry Disputes Resolution Centre (FIDReC).
Sandbox Period: 22 Jun 2020 - 21 Jun 2021
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:
- HGX Pte Ltd has completed its experiment and exited the sandbox on 21 Jun 2021.
- HGX Pte Ltd is a recognized market operator under section 9(1) of the Securities and Futures Act with effect from 22 Jun 2021.
- It can no longer carry on the business of providing custodial services under section 86 of the Securities and Futures Act with effect from 22 Jun 2021.
- For more information, please refer to the Financial Institutions Directory.
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:
- Propine Technologies Pte Ltd has completed its experiment and exited the sandbox on 7 Jan 2021.
- Propine Technologies Pte Ltd holds a Capital Markets Services Licence for providing custodial services under section 86 of the Securities and Futures Act with effect from 8 Jan 2021.
- For more information, please refer to the Financial Institutions Directory.