Four PillarsFour PillarsAsia Digital Asset Policy Center

Advisory Network

Kenneth Gay

Chief FinTech Officer, Monetary Authority of Singapore

SingaporeRegulator

About

Kenneth Gay is a long-serving official of the Monetary Authority of Singapore (MAS). He has worked at MAS for more than 20 years in regulatory and technology roles. These included enforcement work on insider trading cases, portfolio management during the 2008 financial crisis and macro-financial analysis. In 2017 he led MAS analytical work on cryptocurrency markets. Before his current role he was Executive Director of the Enterprise Knowledge Department, which covered data, knowledge management and AI capability.

He has been MAS Chief FinTech Officer since 1 February 2025, after serving as Chief FinTech Officer (Designate) from 6 November 2024. He succeeded Sopnendu Mohanty, who left to lead the Global Finance & Technology Network. MAS's March 2026 organisation chart shows him heading the FinTech & Innovation department.

He speaks for MAS on tokenisation, digital settlement assets and AI in finance. In October 2025 he spoke for MAS at the launch of BLOOM, an initiative to support settlement in tokenised bank liabilities and well-regulated stablecoins. In a December 2025 interview he described Project Guardian, the MAS-led cross-border sandbox for asset tokenisation involving more than 40 financial institutions. He also described its industry frameworks for tokenised funds and fixed income. His office shapes how Singapore tests and adopts tokenised finance.

Policy engagement

Heads the MAS group running Project Guardian, the cross-border tokenisation initiative testing tokenised funds, bonds and stablecoins. Set out MAS's digital asset strategy in a December 2025 TRM Talks interview.

Source: TRM Labs, Dec 2025: interview with Kenneth Gay

Key actions

  1. Quoted in MAS's announcement of the Singapore FinTech Festival 2026, saying international cooperation and public-private collaboration will be increasingly important.

    Source

  2. Discussed Project Guardian, MAS tokenisation frameworks and MAS's AI strategy in a TRM Talks interview.

    Source

  3. Spoke for MAS at the launch of BLOOM, which extends settlement options to tokenised bank liabilities and well-regulated stablecoins, building on Project Orchid.

    Source

  4. MAS announced his appointment as Chief FinTech Officer (Designate) from 6 November 2024, taking up the role in full on 1 February 2025.

    Source

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