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>