Circle Internet Financial has partnered with Grab, the foremost super-app in Singapore, to introduce Web3 programmable wallets in the Singaporean market. These wallets, designed to be non-custodial, leverage advanced technologies like multi-party computation (MPC) and smart contracts (ERC-4337). This empowers users to conduct transactions without holding native network tokens.The Grab Web3 Wallet grants users seamless access to digital payment vouchers and collectibles, and Singaporean users enjoy the exclusive privilege of unlocking NFT vouchers and collectibles. These digital assets can be used for in-real-life (IRL) purchases throughout the city, making everyday transactions more engaging and rewarding.The collaboration between Circle Internet Financial and Grab extends to integrating Circle’s innovative Web3 Services platform into the Grab app. This allows users to configure blockchain-enabled wallets, accrue rewards, and access non-fungible token (NFT) vouchers for utilization at popular establishments and exciting ventures in Singapore.Circle has secured a Major Payment Institution License from MAS, consolidating its presence in Singapore’s financial landscape. Additionally, in February 2023, Circle collaborated with Tribe, Singapore’s inaugural government-supported blockchain ecosystem builder. The partnership was to nurture and enhance the region’s Web3 developer talent pool. These endeavors underscore Circle’s dedication to Singapore’s thriving Web3 ecosystem.

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Information	Details
Geography	Asia
Countries	🇸🇬 🇺🇸
Sentiment	positive
Relevance Score	10
People	MAS, Jeremy Allaire
Companies	Monetary Authority of Singapore (MAS), Polygon, Grab, Circle Internet Financial, StraitsX
Currencies	Polygon, Bitcoin, Ethereum, APENFT, XSGD
Securities	None