Singapore Central Bank to Test Tokenized Securities

Singapore Central Bank's New Experiments

Monetary Authority of Singapore plans to conduct experiments with tokenized securities using a wholesale central bank digital currency (CBDC) for a system that will utilize private placement assets tailored to market needs.

Additionally, 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 where private placement assets will be employed to meet various market needs.