Crypto.com Sets Up Global Innovation Lab in Singapore

Crypto.com is setting up its first global innovation lab in Singapore to focus on blockchain technology, Web3, and artificial intelligence (AI). The lab will experiment with frontier technologies, explore new ventures with strategic partners, and hackathons.

The initiative was announced by Crypto.com during the Point Zero Forum in Switzerland. The exchange said it will hire a team dedicated to the lab, with initial roles in product, design, engineering, and data science.

This move comes after Crypto.com was granted a major payment institution licence for digital payment token (DPT) services from the Monetary Authority of Singapore (MAS). With this licence, the firm can continue to offer DPT services to customers in Singapore.