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7 report by Tech in Asia, a collaboration among several Singaporean state agencies will see the creation of a DLT-focused fund called the Singapore Blockchain Innovation Fund (SBIP).

With support from the Monetary Authority of Singapore (MAS) and the Enterprise Singapore statutory agency, the SBIP will seek to fund as many as 17 blockchain projects.

Apart from SCM and agriculture, the SBIP will also fund projects leveraging blockchain to enable value exchange across various sectors of Singapore’s economy.

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