The New York-listed fintech vehicle of financial conglomerate Ping An Group vehicle has helped launch a branch association in Singapore.
OneConnect Financial Technology (NYSE:OCFT) announced on 21 April that it had teamed up with the Singapore Fintech Association (SFA) to jointly establish the Blockchain Association Singapore (BAS).
In a press release BAS said that it would be the “nerve center that spurs engagements and collaborations through the use of blockchain and scalable technologies to drive business growth, and transformation, and to build a sustainable pipeline of blockchain talents for the digital economy.”
BAS itself is a merger of two pre-existing blockchain groups founded in 2018 – the Singapore Blockchain Association (SBA) and the Blockchain, Enterprise and Scalable Technologies (BEST).
BAS will be co-chaired by Mr Chia Hock Lai, former Chairman of SBA who currently serves as the President of Singapore Fintech Association (SFA), and Ms Tan Bin Ru, former Chairwoman of BEST and current CEO (APAC & UAE) of OneConnect Financial Technology.
“I am pleased to be a part of the Blockchain Association Singapore to advocate the impact of the disruptive emerging technologies like blockchain and the value that transformation could bring to a business,” said Tan.
“Firms today will need to stay nimble and find new, effective ways to enhance their business – blockchain is one of the technologies that can create tremendous value.
“With this in mind, we will stay committed to advancing blockchain and scalable technologies for our members and international partners.”