Singapore Central Bank Will Test Tokenized Securities

New Experiments of the Singapore Central Bank

Monetary Authority of Singapore plans to conduct experiments with a wholesale central bank digital currency (CBDC) using tokenized securities tailored to market needs.

In addition, Singapore Central Bank is preparing a draft regulation for stablecoin regulations. This step aims to ensure that stablecoins operate within a more robust and regulatory framework.

MAS sees the wholesale CBDC as the foundation for a system where specialized settlement assets will be used for various market needs.