SINGAPORE, Sept. 30, 2025 /PRNewswire/ — The Accountable Fintech Institute (RFI), a brand new world nonprofit group primarily based in Singapore, in the present day introduced its official launch for making a protected, reliable, and dependable digital finance ecosystem. The launch was held on the welcome dinner of the inaugural Digital Property Summit 2025, an occasion organized by the Digital Property Affiliation (DAA) for which RFI was the title sponsor. In the course of the launch, RFI signed a Memorandum of Understanding (MOU) with the DAA to formalize their collaboration.
The RFI is devoted to creating foundational digital utilities and fostering collaboration amongst each digital and conventional finance business gamers. The founding members embrace Bison Group, supported by its affiliate, Bison Financial institution, OKG Know-how, Remi Know-how, VerifyVASP and the SlowMist. This highly effective alliance of conventional finance, fintech service supplier, and Web3 leaders underscores RFI’s mission to bridge the hole between conventional and decentralized monetary programs.
The institute will convey collectively numerous teams—together with monetary establishments, regulators, know-how companies and academia —to co-build the required requirements and infrastructure for brand new digital monetary instruments, making the digital asset world sustainable and inclusive for everybody.
“We’re proud to face with our founding members—Bison Group, OKG Know-how, Remi Know-how, VerifyVASP and the SlowMist—who share our imaginative and prescient for a extra accountable and safe digital monetary future,” stated Chia Hock Lai, Chairman of the Accountable Fintech Institute. “Their dedication and experience are invaluable as we start the essential work of constructing shared utilities that may help accountable innovation, defend shoppers, handle monetary crime dangers, and drive business development.”
“Bison Financial institution is dedicated to leveraging know-how to construct a extra inclusive and safe monetary system,” acknowledged Mr Bian Fang, Chairman of the Board, Bison Financial institution. “The Accountable Fintech Institute is geared to combine cutting-edge innovation with a robust dedication to regulatory compliance and shopper safety, and its efforts would assist form a future the place digital finance is each dynamic and reliable.”
“As a number one blockchain know-how options supplier, OKG Tech understands the essential significance of balancing innovation with accountability,” stated Jeffery Ren, Chairman and CEO, OKG Know-how. “We’re honored to be a founding member of the Accountable Fintech Institute and to contribute our technical experience to develop the shared infrastructure that may empower a safer and resilient monetary ecosystem. This partnership is a testomony to our dedication to fostering sustainable development and guaranteeing a accountable digital future for all.”
“Remi Know-how’s mission is to offer the essential infrastructure that bridges conventional finance and the subsequent era of digital belongings,” stated Sam Su, CEO, Remi Know-how. “Our interbank stablecoin clearing system is constructed to offer banks and monetary establishments with a compliant, safe, and environment friendly technique to transact globally. By becoming a member of the Accountable Fintech Institute, we’re dedicated to collaborating with our friends to ascertain the requirements and safeguards wanted to make sure that this new period of economic connectivity is constructed on a basis of belief and regulatory certainty.”
“As a number one Journey Rule service supplier, VerifyVASP’s goal is to help the accountable development of the Digital Property business by enabling our members with objectives-based compliance by means of verified transactional information,” commented Shihyun Chia, CEO, VerifyVASP. “We’re proud to be a founding member of the Accountable Fintech Institute, the place we will contribute each experience and thought management to assist construct the shared utilities which might be important for world compliance in a borderless business. This collaboration is essential for advancing the business’s means to fight monetary crime and foster belief.”
“At SlowMist, our mission has all the time been to reinforce the safety and resilience of the digital asset ecosystem,” stated Blue Yang, Associate & CTO, SlowMist. “By becoming a member of as a founding member of the Accountable Fintech Institute, we’re proud to contribute our experience in blockchain safety to assist construct a safer, extra clear, and reliable monetary future. Along with our companions, we are going to strengthen the foundations wanted for accountable innovation and sustainable development within the world digital finance business.”
RFI’s first main initiative is the Verified Identification & Belief Alliance (VITA). VITA is a community that helps member corporations confirm buyer identities, handle danger, and adjust to key rules equivalent to Know Your Buyer (KYC) and fee transparency. By offering a shared “stamp of approval” for digital wallets, VITA eliminates the necessity for redundant checks, will increase belief and security throughout the ecosystem, and protects person privateness by sharing solely important verification standing and compliance-related data.
By uniting a various group of stakeholders, the RFI is poised to develop into a central pressure in shaping the way forward for finance, guaranteeing that the subsequent wave of digital innovation is constructed on a basis of belief and accountability.
Concerning the Accountable Fintech Institute The Accountable Fintech Institute (RFI) is a worldwide nonprofit group primarily based in Singapore. Our objective is to create a protected, reliable, and dependable future for digital finance by constructing the digital utilities to help accountable innovation. Our work entails bringing collectively totally different private and non-private sector stakeholders to assist construct the required guidelines and know-how for brand new digital monetary instruments, making the digital asset world sustainable and inclusive for everybody.
