Singapore Tourism Board and Milken Institute Sign Memorandum of Understanding to Anchor the Milken Institute Asia Summit in Singapore from 2026 to 2028

SINGAPORE, May 29, 2025 /PRNewswire/ -- The Singapore Tourism Board (STB) and Milken Institute announced today the signing of a Memorandum of Understanding (MoU) to anchor the Institute's key event – Milken Institute Asia Summit in Singapore for the next three years (2026 - 2028). This MoU further deepens collaborations and strengthens synergies between the two organisations in presenting a world-class platform where thought leaders and global investors can discuss and debate pertinent issues affecting the region.

Since its launch in 2014, the Milken Institute Asia Summit has established itself as an exclusive, world-class event that gathers business leaders, senior government officials, high-level finance executives, institutional investors, and philanthropists from around the world to address critical challenges and propose actionable solutions. The annual Milken Institute Asia Summit is organised by Milken Institute's International team, spearheaded by its Asia headquarters in Singapore.

This year's Milken Institute Asia Summit will take place from October 1-3, continuing its tradition of scheduling it during Singapore's Formula One race week, and reinforcing the city-state's position as a premier destination where high-impact business discussions and world-class sporting entertainment converge. This strategic alignment reflects the strong appeal of Singapore's business events ecosystem, bringing together global leaders and decision-makers for meaningful exchange through conference sessions, private roundtables, and networking events.

Ms Melissa Ow, Chief Executive, Singapore Tourism Board said, "As a strategic Global-Asia node for business and innovation, Singapore serves as an important gateway for organisations worldwide to access the dynamic and rapidly evolving Asia-Pacific region. We value our strong partnership with Milken Institute, and their decision to anchor their prestigious Milken Institute Asia Summit in Singapore for the next three years further cements Singapore's position as a premier destination for meaningful dialogue and collaboration. This commitment also reaffirms our position as the World's Best MICE City. We look forward to welcoming influential thought leaders and changemakers to Singapore, where they will shape the future of global business and innovation."

STB and the Milken Institute's Asia headquarters have maintained a long-standing relationship through robust and mutually beneficial engagements since the first Milken Institute Asia Summit was held in Singapore in 2014. A testament to this success was the Institute's innovative response during the COVID-19 pandemic, when it successfully pivoted the 7th Milken Institute Asia Summit in 2020 to a hybrid format, bringing together 200 in-person attendees and 1,100 global leaders and senior executives virtually. This achievement was recognised with the 'Outstanding Event Organiser' award at the 2021 Singapore Tourism Awards.

The partnership was further strengthened at the 2023 Milken Institute Global Conference in Los Angeles, where STB hosted the Sponsors and Speakers Welcome Reception, showcasing Singapore's renowned hospitality to influential audiences from around the world. Most recently, STB and the Milken Institute collaborated on the 11^th Milken Institute Asia Summit in 2024, which featured the participation of Singapore's Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Singapore's Minister for Health Ong Ye Kung.

Mr Richard Ditizio, Chief Executive Officer, Milken Institute, said "When we decided to set up our Asia headquarters in Singapore in 2014, the Singapore Tourism Board was incredibly generous and gracious in the support they provide for us to establish our regional home base. Since then, they have been a close ally and trusted partner, contributing substantial support for our various engagements in Asia and the United States. I am proud to redouble our commitment to Singapore by anchoring our signature Asia Summit to Singapore for the next three years, and I look forward to continuing our partnership with STB for years to come."

About Singapore Tourism Board

The Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore's key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions.

More: www.stb.gov.sg or www.visitsingapore.com  |  Follow us: STB LinkedIn, STB Facebook or STB Instagram

About Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next.

For more information, visit www.milkeninstitute.org. Follow us: Milken Institute LinkedIn, Milken Institute International LinkedIn, Milken Institute Facebookor Milken Institute Instagram

SINGAPORE, May 29, 2025 /PRNewswire/ -- The Singapore Tourism Board (STB) and Milken Institute announced today the signing of a Memorandum of Understanding (MoU) to anchor the Institute's key event – Milken Institute Asia Summit in Singapore for the next three years (2026 - 2028). This MoU further deepens collaborations and strengthens synergies between the two organisations in presenting a world-class platform where thought leaders and global investors can discuss and debate pertinent issues affecting the region.

Since its launch in 2014, the Milken Institute Asia Summit has established itself as an exclusive, world-class event that gathers business leaders, senior government officials, high-level finance executives, institutional investors, and philanthropists from around the world to address critical challenges and propose actionable solutions. The annual Milken Institute Asia Summit is organised by Milken Institute's International team, spearheaded by its Asia headquarters in Singapore.

This year's Milken Institute Asia Summit will take place from October 1-3, continuing its tradition of scheduling it during Singapore's Formula One race week, and reinforcing the city-state's position as a premier destination where high-impact business discussions and world-class sporting entertainment converge. This strategic alignment reflects the strong appeal of Singapore's business events ecosystem, bringing together global leaders and decision-makers for meaningful exchange through conference sessions, private roundtables, and networking events.

Ms Melissa Ow, Chief Executive, Singapore Tourism Board said, "As a strategic Global-Asia node for business and innovation, Singapore serves as an important gateway for organisations worldwide to access the dynamic and rapidly evolving Asia-Pacific region. We value our strong partnership with Milken Institute, and their decision to anchor their prestigious Milken Institute Asia Summit in Singapore for the next three years further cements Singapore's position as a premier destination for meaningful dialogue and collaboration. This commitment also reaffirms our position as the World's Best MICE City. We look forward to welcoming influential thought leaders and changemakers to Singapore, where they will shape the future of global business and innovation."

STB and the Milken Institute's Asia headquarters have maintained a long-standing relationship through robust and mutually beneficial engagements since the first Milken Institute Asia Summit was held in Singapore in 2014. A testament to this success was the Institute's innovative response during the COVID-19 pandemic, when it successfully pivoted the 7th Milken Institute Asia Summit in 2020 to a hybrid format, bringing together 200 in-person attendees and 1,100 global leaders and senior executives virtually. This achievement was recognised with the 'Outstanding Event Organiser' award at the 2021 Singapore Tourism Awards.

The partnership was further strengthened at the 2023 Milken Institute Global Conference in Los Angeles, where STB hosted the Sponsors and Speakers Welcome Reception, showcasing Singapore's renowned hospitality to influential audiences from around the world. Most recently, STB and the Milken Institute collaborated on the 11^th Milken Institute Asia Summit in 2024, which featured the participation of Singapore's Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Singapore's Minister for Health Ong Ye Kung.

Mr Richard Ditizio, Chief Executive Officer, Milken Institute, said "When we decided to set up our Asia headquarters in Singapore in 2014, the Singapore Tourism Board was incredibly generous and gracious in the support they provide for us to establish our regional home base. Since then, they have been a close ally and trusted partner, contributing substantial support for our various engagements in Asia and the United States. I am proud to redouble our commitment to Singapore by anchoring our signature Asia Summit to Singapore for the next three years, and I look forward to continuing our partnership with STB for years to come."

About Singapore Tourism Board

The Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore's key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions.

More: www.stb.gov.sg or www.visitsingapore.com  |  Follow us: STB LinkedIn, STB Facebook or STB Instagram

About Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next.

For more information, visit www.milkeninstitute.org. Follow us: Milken Institute LinkedIn, Milken Institute International LinkedIn, Milken Institute Facebookor Milken Institute Instagram

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Singapore Tourism Board and Milken Institute Sign Memorandum of Understanding to Anchor the Milken Institute Asia Summit in Singapore from 2026 to 2028

Singapore Tourism Board and Milken Institute Sign Memorandum of Understanding to Anchor the Milken Institute Asia Summit in Singapore from 2026 to 2028

Singapore Tourism Board and Milken Institute Sign Memorandum of Understanding to Anchor the Milken Institute Asia Summit in Singapore from 2026 to 2028

Singapore Tourism Board and Milken Institute Sign Memorandum of Understanding to Anchor the Milken Institute Asia Summit in Singapore from 2026 to 2028

HONG KONG, April 24, 2026 /PRNewswire/ -- During the Hong Kong Web3 Festival, RWA.LTD, the world's first platform dedicated to consumer goods RWA (Real World Assets), officially announced the completion of its comprehensive consumer goods token ecosystem layout. At the event, the platform spearheaded the unveiling of the "Consumer RWA Alliance". Positioned as the "Asian Consumer Goods Asset Trading Center," RWA.LTD aims to enhance consumption efficiency through AI, reconstruct value distribution via Web3, and connect cross-city and cross-country consumer networks through tokens to accelerate the arrival of the "Smarter Consumer" era.

RWA.LTD stated that consumer goods RWA is not a single product, but a set of new infrastructure developed around consumption scenarios, the circulation of consumer rights, and brand interaction. Since CEO Fu, Rao Tony first proposed the concept of "Consumer Goods RWA" in late 2024, the team simultaneously prepared the RWA.LTD platform and completed Beta testing in September 2025. Following several months of iteration, the platform completed a comprehensive upgrade in mid-March 2026, marking RWA.LTD's formal transition from the proof-of-concept stage to the ecological development stage.

RWA.LTD Ecosystem

In this public announcement, RWA.LTD systematically disclosed its four major ecological sectors for the first time. First, RWA.LTD | Mall (Winpoint Mall) was officially launched during the Hong Kong Web3 Festival, providing consumers with diverse brand rights driven by RWA Coin; current offerings include the CDAA (Chartered Digital Asset Analyst) Course, Matrix E-commerce Services, and more. Second, RWA.LTD | Exchange was fully launched in mid-March 2026 as a primary issuance and secondary trading market for consumer goods tokens, with plans to list 100 types of consumer goods tokens within the year to provide bidirectional exposure for brands and users. Third, RWA.LTD | Fund plans to collaborate with established VC funds to focus on brand token ecosystem construction and explore new paths for the synergistic development of consumer brands and on-chain capital. Fourth, RWA.LTD | Bot (rwaclaw.ai, rwabot.ai) has completed domain layout and is currently under development; it will provide consumers with real-time AI price comparisons, intelligent recommendations, and automated ordering tools to enhance decision-making efficiency and consumer experience.

RWA.LTD believes that the traditional consumer market has long suffered from information asymmetry, price opacity, and inactive membership systems, while the combination of blockchain and AI provides a new consumption model. By standardizing, digitizing, and placing consumer rights on-chain, consumers are no longer just end-buyers but can become active participants in the consumption network; brands are no longer limited to one-time interactions with consumers but can build stable, sustainable consumer relationships through on-chain tools.

Consumer RWA Alliance

At the Hong Kong Web3 Festival, the Consumer RWA Alliance, spearheaded by RWA.LTD, was inaugurated. The alliance aims to unite consumer brands, channel platforms, technology service providers, ecological partners, and cross-regional resource providers to jointly promote the co-construction of standards, ecological synergy, and scenario implementation for consumer goods RWA. The alliance members attending the unveiling ceremony included Dr. and Professor Lawrence Yu, Founder and Chairman of the Asia Pacific Economic Leaders' Confederation; Dr. Wang Ping, President of the RWA Ecological International Federation and Chairman of the Asia Pacific M&A Fund; Dou Jun, Secretary General of the Hong Kong RWA Global Industry Alliance and Executive Secretary General of the Blockchain Professional Committee of the China Communications Industry Association (CCIA); Dr. Yu Jianing, Principal of Uweb Business School (Hong Kong) and Rotating Chairman of the Academic Committee of the Hong Kong Certified Digital Asset Analysts Association (HKCDAA); Dr. Jingle, Founder of Hong Kong Meta Strategy; Dr. Qiu Yueying, CEO of Winchain Technology; Tongjian Sun, CEO of INOVAI TECH K.K.; and Wen Hua, Director of the Australia & New Zealand Center of the Hong Kong RWA Global Industry Alliance, with RWA.LTD CEO Fu, Rao Tony serving as the Chairman. The establishment of the alliance marks an important step for consumer RWA moving from platform exploration to industry collaboration, signifying that the RWA narrative is extending from the relatively singular field of financial assets to the consumer industry which is more closely related to real life.

Industry insiders pointed out that the establishment of the Consumer RWA Alliance holds industry significance beyond platform business. On one hand, it helps break the market's inherent impression of RWA as being "over-financialized" and encourages the outside world to re-recognize the application value of RWA as digital infrastructure in real consumption scenarios. On the other hand, it provides a new organizational framework for the Asian consumer market, making cross-regional brand cooperation, mutual recognition of consumer rights, and on-chain circulation mechanisms more operational. RWA.LTD stated that it hopes to promote the formation of a more diverse, open, and sustainable RWA world through the alliance mechanism, making RWA not just a synonym for asset securitization, but also a key driver for consumer innovation and industrial upgrading.

Regarding compliance issues of market concern, RWA.LTD provided a brief explanation in this announcement. Consumer goods tokens do not fall within the definition of "virtual assets" under Section 53ZRA of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), as they are neither payment tokens nor governance tokens. Even if there is overlap in certain characteristics, the relevant tokens can ultimately be defined as "Limited Purpose Digital Tokens" under Section 53ZR of the AMLO, which are explicitly excluded from the scope of "virtual asset" in the AMLO. Based on this, RWA.LTD does not fall within the regulatory scope of the Virtual Asset Trading Platform (VATP) licensing regime. Meanwhile, the U.S. SEC's previous No-Action Letter to the Fuse project, along with the definition of "Digital Tools" in the regulatory interpretation published on March 17, 2026, further supports the stance that consumer goods tokens are non-securities, non-commodities, and are not regulated under the virtual asset framework. RWA.LTD emphasized that the company consistently adheres to advancing product design and business development within a compliance framework and will continue to monitor regulatory dynamics in different jurisdictions.

The RWA.LTD team possesses a rich international background and overseas market experience, having long followed the development trends of the Web3 and RWA markets in Europe and the United States. The team observed early on that the Asian RWA market has long been concentrated on financial narratives with relatively monotonous scenarios, and platforms that truly integrate deeply with mass consumption and high-frequency lifestyle scenarios remain scarce. Consequently, the team began preparing the consumer goods RWA platform as early as 2024, hoping to take the lead in completing infrastructure, model verification, and resource integration before an industry consensus was formed.

RWA.LTD CEO Fu, Rao Tony pointed out that consumer goods RWA is currently one of the directions most likely to land and scale quickly. Compared to financial RWA, consumer goods RWA has a stronger efficient foundation in terms of compliance structure, user understanding, scenario adaptation, and promotion paths. Its core value lies in using blockchain technology to release liquidity that the consumer industry has long lacked, allowing consumer rights—which were originally fragmented, dormant, non-tradable, or difficult to circulate across regions—to achieve more efficient allocation and redistribution. Through this mechanism, the relationship between brands, platforms, and consumers will be redefined.

Fu, Rao Tony further stated that as the digitalization of the Asian consumer market continues to improve, the combination of consumer RWA and the real consumer industry is expected to release trillion-dollar economic potential in the future. For Hong Kong, this is not just an emerging Web3 track, but could become an important hub connecting international consumer networks with digital asset innovation. Hong Kong possesses unique advantages as an international financial center, an international trade center, and a highland for institutional innovation. If it can take the lead in forming scale synergy in the field of consumer RWA, it has the opportunity to occupy a leading position in the global wave of consumer asset digitalization.

In the future, RWA.LTD will continue to advance its layout around consumer goods RWA infrastructure construction, ecological cooperation expansion, alliance network improvement, and AI consumer tool research and development, exploring new on-chain paradigms for the consumer industry with more brands, institutions, and partners. As the Mall, Exchange, Fund, and Bot sectors gradually mature, RWA.LTD hopes to drive consumer RWA from concept to large-scale application, providing a more efficient, intelligent, and participatory new value network for the Asian and global consumer markets.

About RWA.LTD

RWA.LTD is positioned as the Asian consumer goods asset trading center, committed to enhancing consumption efficiency with AI, reconstructing consumer value distribution with Web3, and establishing cross-city and cross-country consumer alliance networks via tokens. The company focuses on the consumer goods RWA track, continuously promoting the digitalization of consumer rights, the circulation of consumer assets, and the synergy of the consumer ecosystem to explore the future consumption model of "Smarter Consumer".

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

RWA.LTD Announces Comprehensive Consumer Goods Token Ecosystem Layout at Hong Kong Web3 Festival, Leading the Launch of the Consumer RWA Alliance