ShuttleOne has won the Monetary Authority of Singapore’s (MAS) Global Fintech Award in the ASEAN Fintech category.
The crypto company is the only representative of decentralised finance to win the 2021 MAS Fintech Award.
The award is evaluated by industry experts based on impact, practicality, interoperability and uniqueness and the judges’
panel recognised ShuttleOne’s deployments and impacts in ASEAN.
The theme for the MAS Award this year was “Emerging from the Pandemic, the Road to Recovery”.
ShuttleOne won this recognition due to its impressive transition from a blockchain-focused company to one resolving real-world challengeswith innovative technology.
ShuttleOne Network — the DeFi solution has provided over $3,000,000 of trade financing to the global trade industry, which is heavily impacted by the pandemic restrictions while trying to keep the global supply chain from disruption.
During the pandemic, when medical supplies are critical products, ShuttleOne helped businesses secure critical orders and cross-border payments within hours, using fiat-crypto infrastructure.
With 72 hours of credit and loans from ShuttleOne, SMEs are relieved from cashflow burden and increased their inventory for the rising demand of online shopping.
ShuttleOne’s decentralised finance solution is built as an infrastructure-as-a-service, where any business can easily build
its own native financial arm, plugging its existing ecosystem to global liquidity from day one.
During the pandemic, tech-driven companies, such as Happy Fresh and Global eTrade Services, have contracted ShuttleOne to empower their ecosystems of delivery drivers or SMEs to earn more and find better opportunities.
Through its partners ShuttleOne has helped over 4,000 merchants and 10,000 drivers across ASEAN to survive and thrive through the pandemic.
The pandemic accelerated digital transformation in every industry, where businesses needed to become more resilient and adopt changes and new technologies faster.
More businesses are looking into ways to become digital and resilient, and ShuttleOne has solutions for them.