The SGX has intentionally launched a physical settlement bitcoin futures similar to Bakkt, but gave up after further research.

According to media reports today, Singapore Exchange (Singapore Exchange Ltd) securities owner Michael Syn said that the SGX has considered providing physical settlement of bitcoin futures, similar to the Bakkt launched by the Intercontinental Exchange. But after studying the technology, the SGX could not overcome the fear of becoming a Bitcoin carrier. Syn further explained: "We think we can reasonably prevent hackers, but if there are loopholes, it will affect the reputation of the SGX anyway." This reputation is especially important because the SGX sells itself to turmoil. A stable haven in the world.