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.