The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.

The Monetary Authority of Singapore (MAS) has announced plans to promote regulated and trustworthy tokenized forms of currency as common settlement assets, thereby reducing settlement risks and market fragmentation. MAS is facilitating financial institutions' access to common settlement assets, including the Singapore dollar wholesale Central Bank Digital Currency (CBDC). The initial testing network, SGD Testnet, will be open to eligible financial institutions, with use cases including payments and securities settlement.

Odaily Planet Daily News: According to official news, the Monetary Authority of Singapore (MAS) has announced plans to promote a regulated and trustworthy form of tokenized currency as a common settlement asset, aiming to reduce settlement risks and market fragmentation. The MAS is currently facilitating financial institutions to obtain common settlement assets, including the Singapore dollar wholesale central bank digital currency (CBDC). The initial testing network, SGD Testnet, features settlement tools, programmability, and interoperability.

The SGD Testnet will be open to eligible financial institutions participating in Project Guardian and Project Orchid. The first batch of participating financial institutions includes DBS Bank, OCBC Bank, Standard Chartered Bank, and UOB, with use cases including payments and securities settlement.

The Monetary Authority of Singapore (MAS) plans to open the wholesale CBDC test network SGD Testnet to financial institutions such as Standard Chartered and DBS.

The Monetary Authority of Singapore (MAS) has announced plans to promote tokenization in the financial services sector. The specific plans include establishing a business network to deepen the liquidity of tokenized assets; developing a market infrastructure ecosystem; facilitating an industry framework for the implementation of tokenized assets; enabling tokenized assets to utilize common settlement facilities; and enhancing the liquidity of tokenized assets through the formation of a business network.

Foresight News reports that the Monetary Authority of Singapore (MAS) has announced a plan to advance tokenization in the financial services sector. The specific plans include establishing a commercial network to deepen the liquidity of tokenized assets; developing an ecosystem for market infrastructure; promoting an industry framework for the implementation of tokenized assets; enabling tokenized assets to utilize common settlement facilities; and enhancing the liquidity of tokenized assets through the formation of a commercial network.

The Monetary Authority of Singapore will promote tokenization in the financial services sector.

According to Deep Tide TechFlow news on November 4, as reported by Jin10, the Monetary Authority of Singapore (MAS) announced today a plan to promote the tokenization of financial services. The plan includes: forming a business network to deepen the liquidity of tokenized assets; establishing a market infrastructure ecosystem; cultivating an industry framework for the implementation of tokenized assets; and enabling tokenized assets to use common settlement facilities.

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<p>According to Deep Tide TechFlow, on November 4th, the Monetary Authority of Singapore (MAS) announced a plan to promote the tokenization of financial services, which includes: forming a business network to deepen the liquidity of tokenized assets; establishing a market infrastructure ecosystem; cultivating an industry framework for the implementation of tokenized assets; and enabling tokenized assets to utilize shared settlement facilities.</p>
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The Monetary Authority of Singapore announces the advancement of the financial services tokenization initiative.

The Monetary Authority of Singapore has announced the advancement of its Financial Services Tokenization Initiative.

<p>BlockBeats News, November 4th, The Monetary Authority of Singapore (MAS) announced today its plans to advance the tokenization of financial services. The key areas of focus include: forming a business network to enhance the liquidity of tokenized assets; establishing a market infrastructure ecosystem; developing an industry framework for the implementation of tokenized assets; enabling tokenized assets to utilize common settlement facilities. (Forex Crunch)</p>

The Monetary Authority of Singapore (MAS) has announced a plan to promote the commercialization of financial services asset tokenization, which includes enhancing the liquidity of tokenized assets, building a market infrastructure ecosystem, publishing an industry implementation framework, and launching a shared settlement facility. MAS encourages financial institutions and policymakers to collaboratively develop industry standards to facilitate the commercialization of tokenized capital market products and the promotion of industry-wide adoption.

PANews, November 4 news: The Monetary Authority of Singapore (MAS) announced a series of plans today to promote the commercialization of financial services asset tokenization, covering aspects such as market liquidity, infrastructure, industry frameworks, and settlement convenience.
1. Deepening Liquidity for Tokenized Assets: Through the Project Guardian initiative, MAS has gathered over 40 financial institutions for market trials of tokenized assets, covering six currencies and various financial products. The Guardian Wholesale Network, consisting of Citibank, HSBC, Schroders, Standard Chartered Bank, and UOB, will advance the commercialization of tokenized assets.
2. Market Infrastructure Ecosystem: MAS launched the Global Layer One (GL1) project in 2023 to support seamless cross-border transactions. Banks such as BNY, Citibank, and JPMorgan are leading the establishment of infrastructure standards to ensure compliance and interoperability for cross-border circulation of tokenized assets.
3. Industry Implementation Framework: Two industry frameworks have been released, including the Guardian Fixed Income Framework (GFIF) and the Guardian Fund Framework (GFF), providing standardized implementation guidelines for debt capital markets and tokenized funds.
4. Joint Settlement Facilities: MAS has launched a wholesale CBDC testing network denominated in Singapore dollars (S$), supporting financial institutions involved in Project Guardian and Orchid to use S$ CBDC for payments and securities settlement.
MAS Vice President Liang Xingqiang stated that MAS encourages financial institutions and policymakers to collaboratively establish industry standards to promote the commercialization of tokenized capital market products and expand their industry reach.

The Monetary Authority of Singapore (MAS) has announced a plan to support the commercialization of asset tokenization.

The Monetary Authority of Singapore has announced plans to promote the tokenization of financial services, including the establishment of a commercial network, the development of a market infrastructure ecosystem, the cultivation of an industry framework, and the realization of access to universal settlement facilities for tokenized assets. Citi, HSBC, Schroders, Standard Chartered, and UOB have formed the "Guardian Wholesale Network" industry group, aimed at commercializing asset tokenization experiments and scaling up their usage.

Odaily Planet Daily reported that the Monetary Authority of Singapore (MAS) announced today the advancement of its plans for tokenization in the financial services sector. These plans include: forming a business network to deepen the liquidity of tokenized assets; developing a market infrastructure ecosystem; cultivating an industry framework for the implementation of tokenized assets; and achieving access to common settlement facilities for tokenized assets. Under the "Guardian Program," MAS has convened over 40 financial institutions, industry associations, and international policymakers from seven jurisdictions to conduct industry trials regarding the use of asset tokenization in capital markets. It is reported that Citibank, HSBC, Schroders, Standard Chartered, and United Overseas Bank have formed the "Guardian Wholesale Network" industry group, aimed at establishing a multi-member network to commercialize their respective asset tokenization trials and scale their usage.

The Monetary Authority of Singapore (MAS) has announced the advancement of the tokenization of financial services initiative.

Singapore Pushes for Commercialization of Tokenization

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新加坡推动代币化的商业化进程

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