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

HGX Pte Ltd

Sandbox Period: 22 Jun 2020 - 21 Apr 2021

Institution Type: Recognised Market Operator, Providing Custodial Services


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

Telephone: +65 6911 1923


  1. Clients of HGX 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 21 Dec 2020 to 21 Apr 2021.
Propine Technologies Pte Ltd - exited sandbox on 7 Jan 2021

Sandbox Period: 08 Nov 2019 - 07 Jan 2021

Institution Type: Providing Custodial Services


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

Telephone: +65 3158 8390


  1. Propine Technologies Pte Ltd has completed its experiment and exited the sandbox on 7 Jan 2021.
  2. 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.
  3. For more information, please refer to the Financial Institutions Directory.