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SINGAPORE, May 20, 2026 /PRNewswire/ -- At ATxSummit 2026, hosted by the Infocomm Media Development Authority of Singapore (IMDA), Minister for Digital Development and Information Mrs Josephine Teo unveiled new global partnerships and initiatives to strengthen Singapore's position as a leading AI hub. These announcements mark a shift from exploring AI tools to building, deploying and governing real-world AI systems that deliver impact. As recently highlighted by the Economic Strategic Review committee, Singapore aims to be a trusted hub to develop, test and deploy AI solutions that solve real-world problems at scale.
Singapore Government and eight industry leaders to research, test and deploy physical AI in Punggol Digital District
IMDA, JTC and the Singapore Institute of Technology (SIT) are collaborating with eight industry leaders to bring physical AI into the real world at Punggol Digital District (PDD). Launching later in 2026, the testbed will be Singapore's first scaled mixed-use public space for multi-use case and multi-operator physical AI deployments. Certis, DHL, Grab and QuikBot will be among the first to co-design, deploy, test and validate commercially viable robotics services, including food and parcel delivery, cleaning and security patrolling, to complement human operations. The testbed is facilitated with the Land Transport Authority (LTA) through a precinct-level exemption framework under the Active Mobility Act.
To strengthen Singapore's embodied AI (EAI) capabilities, IMDA and National Robotics Programme (NRP) will work with FieldAI and Thoughtworks, alongside companies like Slamtec, Unitree, and QuikBot, to develop and trial EAI use cases through SIT's new Centre for Intelligent Robotics at PDD.
Strengthening Singapore's AI Research Frontier
To sharpen Singapore's manufacturing advantage, NVIDIA is launching its Singapore AI research lab, its second research presence in Asia Pacific, focused on embodied and efficient AI with university researchers, industry partners, and government.
The lab will focus on two domains with manufacturing potential: Embodied AI, enabling intelligent systems to perceive, reason and act in the physical world, and Efficient AI computing, which optimises models and infrastructure to reduce compute costs, improve energy efficiency and support scalable AI deployment.
Accelerating AI for Public Good: New Industry Partnerships
The Ministry of Digital Development and Information (MDDI) and Google announced a new National AI partnership to expand collaboration with the Singapore Government. The partnership aims to harness frontier AI to address societal challenges, fostering an AI-ready workforce in Singapore, and creating a secure, trusted ecosystem.
MDDI and OpenAI signed a Memorandum of Understanding (MOU) on the "OpenAI for Singapore" initiative to strengthen Singapore as a hub for applied AI innovation. The MOU covers advancing applied AI innovation, building AI talent, and making AI accessible to citizens, enterprises and the public sector, backed by OpenAI's over S$300 million commitment to Singapore's AI ecosystem.
Building the foundations for trusted, scalable AI deployment
Singapore is advancing ecosystem-wide initiatives to support AI adoption in high-trust sectors like finance and the public sector, where reliability, governance and safety are critical.
Temus, a Temasek-established AI and digital transformation firm, will launch an AI Foundry to help enterprises scale AI solutions and develop talent pipelines. Supported by Digital Industry Singapore (DISG), the Foundry will hire 50 professionals and deploy them on enterprise projects including financial services and precision health.
A*STAR Institute for Infocomm Research (A*STAR I2R) is updating the MERaLiON (Multimodal Empathetic Reasoning and Learning in One Network) AI Model to advance capabilities, drive real-world use cases, and scale adoption. The updated MERaLiON AudioLLM v3 will deliver paralinguistic intelligence across Southeast Asian languages. MERaLiON will be available through cloud hosting, API access, and edge computing, including Apple silicon devices such as Mac and iPad.
Governance that keeps pace with AI
Singapore continues to take a practical, risk-based approach. Two initiatives reflected this approach:
- Updated Model AI Governance Framework for Agentic AI: First launched at the World Economic Forum in January 2026, the Model AI Governance Framework for Agentic AI ("MGF") has been updated with real-world case studies and new best practices contributed by over 50 organisations.
- Google Whitepaper on AI Agents: Google worked with CSA, GovTech Singapore, and IMDA to explore how AI agents can be safely and effectively used in the real world. The resulting Whitepaper provides guidance for governments looking to harness AI agents for public good.
As Singapore grows its AI ecosystem, these initiatives will help translate innovation to real-world impact, strengthening Singapore's position as a trusted global AI hub where businesses, researchers and governments can develop, test and deploy AI solutions at scale.
Minister for Digital Development and Information Mrs Josephine Teo attended an ASEAN-US AI Ministerial Roundtable on the sidelines of ATxSummit today. Bringing together ASEAN Digital Ministers, the ASEAN Secretariat, the US government, and industry leaders from Amazon and Google, the Roundtable marked the launch of "The Road to 50 Years of ASEAN-US Relations" under the ASEAN-US Comprehensive Strategic Partnership. Discussions centred on inclusive AI adoption across the region.
For more information on ATxSG, please visit asiatechxsg.com.
Media: atxsg.imda@archetype.co
SINGAPORE, May 20, 2026 /PRNewswire/ -- At ATxSummit 2026, hosted by the Infocomm Media Development Authority of Singapore (IMDA), Minister for Digital Development and Information Mrs Josephine Teo unveiled new global partnerships and initiatives to strengthen Singapore's position as a leading AI hub. These announcements mark a shift from exploring AI tools to building, deploying and governing real-world AI systems that deliver impact. As recently highlighted by the Economic Strategic Review committee, Singapore aims to be a trusted hub to develop, test and deploy AI solutions that solve real-world problems at scale.
Singapore Government and eight industry leaders to research, test and deploy physical AI in Punggol Digital District
IMDA, JTC and the Singapore Institute of Technology (SIT) are collaborating with eight industry leaders to bring physical AI into the real world at Punggol Digital District (PDD). Launching later in 2026, the testbed will be Singapore's first scaled mixed-use public space for multi-use case and multi-operator physical AI deployments. Certis, DHL, Grab and QuikBot will be among the first to co-design, deploy, test and validate commercially viable robotics services, including food and parcel delivery, cleaning and security patrolling, to complement human operations. The testbed is facilitated with the Land Transport Authority (LTA) through a precinct-level exemption framework under the Active Mobility Act.
To strengthen Singapore's embodied AI (EAI) capabilities, IMDA and National Robotics Programme (NRP) will work with FieldAI and Thoughtworks, alongside companies like Slamtec, Unitree, and QuikBot, to develop and trial EAI use cases through SIT's new Centre for Intelligent Robotics at PDD.
Strengthening Singapore's AI Research Frontier
To sharpen Singapore's manufacturing advantage, NVIDIA is launching its Singapore AI research lab, its second research presence in Asia Pacific, focused on embodied and efficient AI with university researchers, industry partners, and government.
The lab will focus on two domains with manufacturing potential: Embodied AI, enabling intelligent systems to perceive, reason and act in the physical world, and Efficient AI computing, which optimises models and infrastructure to reduce compute costs, improve energy efficiency and support scalable AI deployment.
Accelerating AI for Public Good: New Industry Partnerships
The Ministry of Digital Development and Information (MDDI) and Google announced a new National AI partnership to expand collaboration with the Singapore Government. The partnership aims to harness frontier AI to address societal challenges, fostering an AI-ready workforce in Singapore, and creating a secure, trusted ecosystem.
MDDI and OpenAI signed a Memorandum of Understanding (MOU) on the "OpenAI for Singapore" initiative to strengthen Singapore as a hub for applied AI innovation. The MOU covers advancing applied AI innovation, building AI talent, and making AI accessible to citizens, enterprises and the public sector, backed by OpenAI's over S$300 million commitment to Singapore's AI ecosystem.
Building the foundations for trusted, scalable AI deployment
Singapore is advancing ecosystem-wide initiatives to support AI adoption in high-trust sectors like finance and the public sector, where reliability, governance and safety are critical.
Temus, a Temasek-established AI and digital transformation firm, will launch an AI Foundry to help enterprises scale AI solutions and develop talent pipelines. Supported by Digital Industry Singapore (DISG), the Foundry will hire 50 professionals and deploy them on enterprise projects including financial services and precision health.
A*STAR Institute for Infocomm Research (A*STAR I2R) is updating the MERaLiON (Multimodal Empathetic Reasoning and Learning in One Network) AI Model to advance capabilities, drive real-world use cases, and scale adoption. The updated MERaLiON AudioLLM v3 will deliver paralinguistic intelligence across Southeast Asian languages. MERaLiON will be available through cloud hosting, API access, and edge computing, including Apple silicon devices such as Mac and iPad.
Governance that keeps pace with AI
Singapore continues to take a practical, risk-based approach. Two initiatives reflected this approach:
- Updated Model AI Governance Framework for Agentic AI: First launched at the World Economic Forum in January 2026, the Model AI Governance Framework for Agentic AI ("MGF") has been updated with real-world case studies and new best practices contributed by over 50 organisations.
- Google Whitepaper on AI Agents: Google worked with CSA, GovTech Singapore, and IMDA to explore how AI agents can be safely and effectively used in the real world. The resulting Whitepaper provides guidance for governments looking to harness AI agents for public good.
As Singapore grows its AI ecosystem, these initiatives will help translate innovation to real-world impact, strengthening Singapore's position as a trusted global AI hub where businesses, researchers and governments can develop, test and deploy AI solutions at scale.
Minister for Digital Development and Information Mrs Josephine Teo attended an ASEAN-US AI Ministerial Roundtable on the sidelines of ATxSummit today. Bringing together ASEAN Digital Ministers, the ASEAN Secretariat, the US government, and industry leaders from Amazon and Google, the Roundtable marked the launch of "The Road to 50 Years of ASEAN-US Relations" under the ASEAN-US Comprehensive Strategic Partnership. Discussions centred on inclusive AI adoption across the region.
For more information on ATxSG, please visit asiatechxsg.com.
Media: atxsg.imda@archetype.co
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Singapore Deepens AI Ecosystem with Global Collaborators to Accelerate Real-World Deployment
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New Crypto Loan product allows eligible collateral to continue earning Hold to Earn yields while users access liquidity in one integrated position
PROVIDENCIALES, Turks and Caicos Islands, May 20, 2026 /PRNewswire/ -- KuCoin, a leading global crypto platform built on trust, today announced the launch of KuCoin Crypto Loan, its first integrated Earn-and-Loan product designed to enhance crypto asset efficiency by allowing eligible pledged assets to continue generating Hold to Earn yield during the loan period. Now available on the KuCoin App to eligible users in supported jurisdictions, with web access coming soon, KuCoin Crypto Loan enables users to pledge supported assets including BTC, ETH, USDT, USDC and SOL as collateral, borrow supported assets from the same list, and manage collateral, borrowings and risk in one integrated position.
The launch addresses a key challenge for HODLers: accessing liquidity without selling assets or interrupting passive income potential. With KuCoin Crypto Loan, users can access liquidity while keeping eligible collateral productive. By merging Earn and Loan functionalities into one seamless experience, the product helps improve capital utilization and introduces a more efficient model for CEX lending.
A key feature of KuCoin Crypto Loan is its one-position structure. Instead of managing multiple isolated loans, users can manage multi-asset collateral and borrowed funds in a single collateralized loan position, making collateral monitoring, loan exposure and LTV tracking more straightforward.
KuCoin Crypto Loan also applies dynamic, market-driven interest rates that are updated hourly, with interest calculated and accrued on an hourly basis. The product uses a three-tier collateral ratio framework covering Initial, Warning and Liquidation levels to support clearer risk monitoring.
Guided by KuCoin's Trust-First approach to product innovation, KuCoin Crypto Loan reflects a broader principle: every new solution should strengthen user confidence and make the digital asset ecosystem more useful. By bringing Earn and Loan together in one integrated position, the product helps users access liquidity while maintaining exposure to eligible assets, supporting a more seamless and capital-efficient experience.
KuCoin Crypto Loan further expands KuCoin's wealth product suite and reflects its Trust-First approach to building practical, transparent and user-centric digital asset solutions. KuCoin Crypto Loan is currently available on the KuCoin App.
About KuCoin
Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 40 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
Learn more at www.kucoin.com.
Disclaimer
KuCoin Crypto Loan is currently available on the KuCoin App to eligible users in supported jurisdictions, subject to applicable laws and product terms and conditions. Users should carefully review the applicable terms, conditions and risk disclosures before using KuCoin Crypto Loan or participating in Hold to Earn, including, without limited to any risks relating to variable borrowing rates, collateral value fluctuations, liquidation, and the availability of Hold to Earn rewards.
New Crypto Loan product allows eligible collateral to continue earning Hold to Earn yields while users access liquidity in one integrated position
PROVIDENCIALES, Turks and Caicos Islands, May 20, 2026 /PRNewswire/ -- KuCoin, a leading global crypto platform built on trust, today announced the launch of KuCoin Crypto Loan, its first integrated Earn-and-Loan product designed to enhance crypto asset efficiency by allowing eligible pledged assets to continue generating Hold to Earn yield during the loan period. Now available on the KuCoin App to eligible users in supported jurisdictions, with web access coming soon, KuCoin Crypto Loan enables users to pledge supported assets including BTC, ETH, USDT, USDC and SOL as collateral, borrow supported assets from the same list, and manage collateral, borrowings and risk in one integrated position.
The launch addresses a key challenge for HODLers: accessing liquidity without selling assets or interrupting passive income potential. With KuCoin Crypto Loan, users can access liquidity while keeping eligible collateral productive. By merging Earn and Loan functionalities into one seamless experience, the product helps improve capital utilization and introduces a more efficient model for CEX lending.
A key feature of KuCoin Crypto Loan is its one-position structure. Instead of managing multiple isolated loans, users can manage multi-asset collateral and borrowed funds in a single collateralized loan position, making collateral monitoring, loan exposure and LTV tracking more straightforward.
KuCoin Crypto Loan also applies dynamic, market-driven interest rates that are updated hourly, with interest calculated and accrued on an hourly basis. The product uses a three-tier collateral ratio framework covering Initial, Warning and Liquidation levels to support clearer risk monitoring.
Guided by KuCoin's Trust-First approach to product innovation, KuCoin Crypto Loan reflects a broader principle: every new solution should strengthen user confidence and make the digital asset ecosystem more useful. By bringing Earn and Loan together in one integrated position, the product helps users access liquidity while maintaining exposure to eligible assets, supporting a more seamless and capital-efficient experience.
KuCoin Crypto Loan further expands KuCoin's wealth product suite and reflects its Trust-First approach to building practical, transparent and user-centric digital asset solutions. KuCoin Crypto Loan is currently available on the KuCoin App.
About KuCoin
Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 40 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
Learn more at www.kucoin.com.
Disclaimer
KuCoin Crypto Loan is currently available on the KuCoin App to eligible users in supported jurisdictions, subject to applicable laws and product terms and conditions. Users should carefully review the applicable terms, conditions and risk disclosures before using KuCoin Crypto Loan or participating in Hold to Earn, including, without limited to any risks relating to variable borrowing rates, collateral value fluctuations, liquidation, and the availability of Hold to Earn rewards.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
KuCoin Launches Integrated Earn-and-Loan Product for Enhanced Crypto Asset Efficiency
