Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Singapore Eyes New Trial to Settle Tokenized MAS Bill with CBDC

Singapore Eyes New Trial to Settle Tokenized MAS Bill with CBDC

CoinspeakerCoinspeaker2025/11/12 16:00
By:By Godfrey Benjamin Editor Julia Sakovich

The Monetary Authority of Singapore is eyeing a new trial to issue tokenized MAS bills to primary dealers and settle them with CBDC.

Key Notes

  • Singapore's regulator is looking to kickstart a trial for the issuance of tokenized MAS bills.
  • The regulator also plans to release stablecoin regulations soon.
  • This comes at a time when tokenization is becoming a global phenomenon.

The Monetary Authority of Singapore (MAS) is considering a new trial for the issuance of tokenized MAS bills for Central Bank Digital Currency (CBDC) in 2026. The regulator is also looking to introduce a regulatory framework for stablecoins within Singapore. This is all in alignment with its vision of operating a tokenized financial ecosystem.

Tokenization and Stablecoin Regulation Move in Singapore

Not much is known about this initiative, but the agency intends to release more details next year. During his keynote address at the Singapore FinTech Festival, Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore, acknowledged the maturation of tokenization.

He explained that this niche had gone beyond the experimental stage and is now being integrated into commercial settings.

“Are asset-backed tokens clearly out of the lab? Without a doubt,” he said, “But have asset-backed tokens achieved escape velocity? Not yet,” Der Jiun added.

To a large extent, it is believed that tokenization holds lots of promises like round-the-clock settlement, reduced intermediaries, and more efficient collateral usage. However, the industry still needs to overcome structural hurdles before large-scale adoption is possible, per the opinion of the MAS director.

In the case of the stablecoin regulation in view, he confirmed that the MAS has been working on the details for some time.

Der Jiun noted that three Singapore banks, DBS, OCBC, and UOB, have successfully conducted interbank overnight lending transactions using the first live trial issuance of Singapore dollar wholesale CBDC.

Tokenization Moves Across Several Regions

It is clear that the financial market has entered the tokenization era, where different Real World Assets (RWAs) are being digitized.

During an Oct. 14 interview on CNBC’s Squawk on the Street, BlackRock CEO Larry Fink stated that the financial industry is at “the beginning of the tokenization of all assets.”

At the beginning of November, the Hong Kong Monetary Authority announced a five-year strategy featuring tokenization as a core pillar for advancing the city’s financial sector. Dubbed Fintech 2030, this initiative is focused on building a vibrant digital asset ecosystem in Hong Kong through accelerated real-world asset tokenization, including financial assets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Stellar News Update: MoonBull Rockets 7,244% in Presale While XLM's Eco-Friendly Partnerships Showcase Contrasting Crypto Trends

- MoonBull's presale surpassed $600,000 with 7,244% returns in Stage 6, offering 95% APY staking and liquidity safeguards. - Stellar (XLM) rose 11% as partnerships with energy firms and $0.297 resistance level suggest potential $0.321 rally. - XLM's energy tokenization project in Spain aligns with $145B Energy-as-a-Service growth, supported by whale activity and 1.30 long-to-short ratio. - MoonBull prioritizes speculative presale mechanics while XLM focuses on institutional green finance and cross-border p

Bitget-RWA2025/11/15 23:52
Stellar News Update: MoonBull Rockets 7,244% in Presale While XLM's Eco-Friendly Partnerships Showcase Contrasting Crypto Trends

NEAR Faces a Pivotal Moment: Can the $3.00 Mark Confirm a Bullish Trend or Spark a Bearish Reversal?

- NEAR Protocol (NEAR) trades near $1.90 in a key accumulation zone, with analysts eyeing a potential $3.40+ breakout mirroring past rallies. - Technical models project $4.38 by 2025 and $20.88 by 2031, contingent on sustained support and ecosystem growth through partnerships. - Mixed market sentiment balances bullish on-chain activity against bearish indicators, with energy market shifts indirectly influencing crypto conditions. - A $3.00 break confirms bullish momentum, while failure to hold $1.90 risks

Bitget-RWA2025/11/15 23:32
NEAR Faces a Pivotal Moment: Can the $3.00 Mark Confirm a Bullish Trend or Spark a Bearish Reversal?