Singapore Central Bank Will Test Tokenized Securities

New Experiments by Singapore's Central Bank

Monetary Authority of Singapore is planning to conduct trials involving a wholesale central bank digital currency (CBDC) with tokenized securities that will utilize specially designed settlement assets to meet market needs.

In addition, the Singapore Central Bank is preparing a draft legislation for stablecoin regulations. This initiative 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 specially designed settlement assets will be utilized for various market requirements.