The Monetary Authority of Singapore (MAS) is propelling finance into the future with a landmark trial of tokenized Treasury bills, settled instantly using its own digital currency.
Announced by Chief Executive Chia Der Jiun, this initiative is a strategic move to build the fundamental infrastructure for a new era of tokenized markets.
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The trial, details of which will be released next year, follows successful experiments by major Singapore banks using a wholesale CBDC for interbank lending.
This indicates that tokenization is rapidly evolving from a concept to becoming core to Singapore's financial architecture.