Regulations for crypto funds

Are there tax incentives to set up a crypto fund in Singapore?

"No. in Singapore, “specified income” derived from “designated investments” is exempt from tax. Under the current tax regime in Singapore, digital currencies and other digital assets do not fall within the list of “designated investments”, and are therefore likely to be subject to tax at the prevailing rate."

Source: Deloitte, last revised on 15 September 2021