Singapore's Role in the Global Web3 Landscape

 

Panel Discussion: Singapore's Contribution to the Global Web3 Ecosystem

 

"A lot of things have changed in the past two years for our industry where exactly two years ago, really infamous exchanges crashed in the very month of November; But two years forward, just over the past two days, we hit an all-time high for Bitcoin. "

 

1. Singapore as a Global Web3 Hub

Strategic Advantages:

  • Regulatory Framework: Singapore was among the first jurisdictions with robust digital currency regulations.
  • Business Ecosystem: Access to capital, VCs, and a concentration of Web3 market players make Singapore attractive for startups.
  • Global HQ Destination: Many Web3 firms choose Singapore as their headquarters for global operations due to its stability, rule of law, and ease of doing business.

 

2. Challenges and Opportunities for Startups

Challenges:

  • Talent Gap: A shortage of experienced professionals for Web3 roles, especially for startups requiring senior hires.

Opportunities

  • Global Market Access: Companies must navigate beyond Singapore’s small domestic market for global growth.

 

3. Evolving Web3 Industry Landscape

Past Two Years:

  • The industry has rebounded from significant downturns (e.g., exchange crashes) to new all-time highs in adoption and use cases.
  • Institutional adoption is accelerating, with increasing partnerships between Web3 companies and traditional financial institutions.

Future Outlook:

  • Convergence of DeFi and TradFi: Companies like Crypto.com are expanding offerings to include both traditional and decentralized finance products.
  • Mainstream Adoption:
  • Singapore remains an important player in shaping the global narrative for tokenization, stablecoins, and Web3 infrastructure.

"I get this question a lot. Is crypto going to be the future? I think, again, crypto is not going to be the entire future, but it's going to be part of the future. "

 

Watch Full Session

 

Speakers:

  • Ang Chin Tah, General Manager, Singapore, Crypto.com
  • Eric Barbier, Chief Executive Officer, Triple-A
  • Kim Mikyeong, Contributor, SG Builders

 

Moderator:

  • Sharon Lourdes Paul, Chief Executive Officer, Headquarters (HQ.xyz)

Join the GFTN Network