The Responsible Fintech Institute (RFI), a new global nonprofit organization based in Singapore, announced its official launch for creating a safe, trustworthy, and reliable digital finance ecosystem. The launch was held at the welcome dinner of the inaugural Digital Assets Summit 2025, an event organized by the Digital Assets Association (DAA) for which RFI was the title sponsor. During the launch, RFI signed a Memorandum of Understanding (MOU) with the DAA to formalize their collaboration.

The RFI is dedicated to developing foundational digital utilities and fostering collaboration among both digital and traditional finance industry players. The founding members include Bison Group, supported by its affiliate, Bison Bank, OKG Technology, Remi Technology, VerifyVASP and the SlowMist. This powerful alliance of traditional finance, fintech service provider, and Web3 leaders underscores RFI's mission to bridge the gap between traditional and decentralized financial systems.

The institute will bring together diverse groups—including financial institutions, regulators, technology firms and academia —to co-build the necessary standards and infrastructure for new digital financial tools, making the digital asset world sustainable and inclusive for everyone.

"We are proud to stand with our founding members—Bison Group, OKG Technology, Remi Technology, VerifyVASP and the SlowMist—who share our vision for a more responsible and secure digital financial future," said Chia Hock Lai, Chairman of the Responsible Fintech Institute. "Their commitment and expertise are invaluable as we begin the critical work of building shared utilities that can support responsible innovation, protect consumers, manage financial crime risks, and drive industry growth."

"Bison Bank is committed to leveraging technology to build a more inclusive and secure financial system," stated Mr Bian Fang, Chairman of the Board, Bison Bank. "The Responsible Fintech Institute is geared to integrate cutting-edge innovation with a strong commitment to regulatory compliance and consumer protection, and its efforts would help shape a future where digital finance is both dynamic and trustworthy."