Singapore Central Bank to Experiment with Tokenized Securities

Singapore Central Bank's New Experiments

Monetary Authority of Singapore is planning to conduct trials on tokenized securities using a wholesale central bank digital currency (CBDC) for a system that utilizes private placement assets tailored to market needs.

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

MAS sees wholesale CBDC as the foundation for a system where private placement assets will be used to meet various market demands.