MAS launched the FinTech Regulatory Sandbox framework in 2016 to encourage and enable experimentation of technology innovation to deliver financial products and services. The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option for market testing in pre-defined environments.

Sandbox Plus, which took effect on 1 January 2022, enhanced MAS's one-stop assistance for firms introducing innovative regulated products and services. The programme expanded eligibility criteria to include early adopters of technology innovation.