PANews reported on October 23rd that, at the 2025 Shanghai International Blockchain Week, Li Guoquan, Dean of the Global Fintech Academy and Professor at the Singapore University of Social Sciences, delivered a keynote speech titled "From the Wild West to the Garden City: Singapore's Web3 Order Revolution." He explained that the Monetary Authority of Singapore recently launched the "BLOOM" initiative (Borderless, Liquid, Open, Online, Multi-currency), which aims to build a borderless, highly liquid, multi-currency Web3 financial infrastructure. This initiative leverages AI and blockchain to promote the implementation of tokenized commercial bank currencies, stablecoins, and cross-border settlement systems. Lee Kwok-kwan noted that the Singapore model replaces "Wild West"-style chaotic innovation with meticulous "Garden City" governance, reshaping the global Web3 trust system through stablecoin legislation, compliance frameworks, and institutional collaboration. He emphasized that the integration of AI and crypto is key to inclusive finance and cross-border settlement, ushering in the ABCD (AI, Blockchain, Cloud, Data) era. Singapore and Hong Kong complement each other in the global landscape: the former focuses on underlying settlement infrastructure, while the latter focuses on trading and financing. He warned that the Web3 industry will be divided into two camps: "responsible innovation" and "disorderly speculation." Only the former will gain regulatory and mainstream support. The BLOOM project represents a new blueprint for Web3 compliance and institutionalization, aiming to make cross-border payments as easy as sending an email, and to realize an AI-driven machine economy and a trusted digital identity system.PANews reported on October 23rd that, at the 2025 Shanghai International Blockchain Week, Li Guoquan, Dean of the Global Fintech Academy and Professor at the Singapore University of Social Sciences, delivered a keynote speech titled "From the Wild West to the Garden City: Singapore's Web3 Order Revolution." He explained that the Monetary Authority of Singapore recently launched the "BLOOM" initiative (Borderless, Liquid, Open, Online, Multi-currency), which aims to build a borderless, highly liquid, multi-currency Web3 financial infrastructure. This initiative leverages AI and blockchain to promote the implementation of tokenized commercial bank currencies, stablecoins, and cross-border settlement systems. Lee Kwok-kwan noted that the Singapore model replaces "Wild West"-style chaotic innovation with meticulous "Garden City" governance, reshaping the global Web3 trust system through stablecoin legislation, compliance frameworks, and institutional collaboration. He emphasized that the integration of AI and crypto is key to inclusive finance and cross-border settlement, ushering in the ABCD (AI, Blockchain, Cloud, Data) era. Singapore and Hong Kong complement each other in the global landscape: the former focuses on underlying settlement infrastructure, while the latter focuses on trading and financing. He warned that the Web3 industry will be divided into two camps: "responsible innovation" and "disorderly speculation." Only the former will gain regulatory and mainstream support. The BLOOM project represents a new blueprint for Web3 compliance and institutionalization, aiming to make cross-border payments as easy as sending an email, and to realize an AI-driven machine economy and a trusted digital identity system.
Li Guoquan: Singapore uses the "BLOOM" plan to reshape the Web3 financial order and build a global settlement infrastructure of AI+Crypto
2025/10/23 11:12
PANews reported on October 23rd that, at the 2025 Shanghai International Blockchain Week, Li Guoquan, Dean of the Global Fintech Academy and Professor at the Singapore University of Social Sciences, delivered a keynote speech titled "From the Wild West to the Garden City: Singapore's Web3 Order Revolution." He explained that the Monetary Authority of Singapore recently launched the "BLOOM" initiative (Borderless, Liquid, Open, Online, Multi-currency), which aims to build a borderless, highly liquid, multi-currency Web3 financial infrastructure. This initiative leverages AI and blockchain to promote the implementation of tokenized commercial bank currencies, stablecoins, and cross-border settlement systems.
Lee Kwok-kwan noted that the Singapore model replaces "Wild West"-style chaotic innovation with meticulous "Garden City" governance, reshaping the global Web3 trust system through stablecoin legislation, compliance frameworks, and institutional collaboration. He emphasized that the integration of AI and crypto is key to inclusive finance and cross-border settlement, ushering in the ABCD (AI, Blockchain, Cloud, Data) era. Singapore and Hong Kong complement each other in the global landscape: the former focuses on underlying settlement infrastructure, while the latter focuses on trading and financing.
He warned that the Web3 industry will be divided into two camps: "responsible innovation" and "disorderly speculation." Only the former will gain regulatory and mainstream support. The BLOOM project represents a new blueprint for Web3 compliance and institutionalization, aiming to make cross-border payments as easy as sending an email, and to realize an AI-driven machine economy and a trusted digital identity system.
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