The remarks underscore how the nation is translating institutional credibility—once built on keeping ports open and honouring trade commitments—into a digital trust franchise, even as land and energy constraints limit traditional infrastructure expansion.
Singapore is banking on trust to command premium pricing as global finance goes digital, says Gan Kim Yong, the city-state's deputy prime minister and minister for Trade and Industry, at the Singapore FinTech Festival 2025 earlier today.
"This trust business is going to fetch a premium in today's world, where there's a lot of uncertainty, a lot of changes, a lot of volatility. What people are looking for is really stability and trust, and reliability. Singapore has that advantage, although we are small," he says.
