The United Kingdom and Singapore used their 11th Financial Dialogue to advance cooperation on digital assets, wholesale market infrastructure, artificial intelligence, quantum technologies, capital markets and sustainable finance.[1][2]
The digital-markets discussion connected Singapore initiatives including Project Guardian, BLOOM and Global Layer One with the UK’s wholesale digital-markets strategy, Digital Securities Sandbox and related Bank of England and FCA work.[1]
Cross-border digital markets
The statement supports cross-border use cases for tokenisation and institutional settlement. It does not state that a token, stablecoin or trading platform approved in one country can be offered automatically in the other. Firms still need to assess local permissions, distribution rules and settlement arrangements.[1][2]
The two sides also reviewed responsible AI initiatives, including Singapore’s safeguards for agentic finance and the UK’s AI adoption work. Quantum discussions covered migration towards quantum-safe security rather than an immediate replacement of existing cryptography.[1]
The dialogue also covered capital markets and sustainable finance. The UK will host the 12th dialogue in 2027, providing a further forum to develop the joint workstreams.[2]
Sources & further reading
- 11th UK-Singapore Financial Dialogue Monetary Authority of Singapore · 20 Oct 2026 · Accessed 22 Oct 2026
- 11th UK-Singapore Financial Dialogue joint statement HM Treasury · 20 Oct 2026 · Accessed 30 Oct 2026