Singapore Central Bank to Test Tokenized Securities

Singapore Central Bank's New Experiments

Monetary Authority of Singapore plans to experiment with tokenized bonds using a wholesale central bank digital currency (CBDC) for a system that will utilize special purpose vehicles 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 the wholesale CBDC as the foundation for a system in which special purpose vehicles will be used for different market needs.