The Monetary Authority of Singapore (MAS) will introduce measures to develop tokenization in financial services by creating commercial networks to improve the liquidity of tokenized assets. The regulator will develop market infrastructure and provide access to settlement systems.
“MAS notes the growing interest in asset tokenization, especially in fixed income and asset management. We welcome the participation of financial institutions in creating standards for tokenized products,” said Lionel Sing Chiong, Deputy Managing Director of MAS.
The Guardian project has presented two frameworks for implementing tokenized assets: one for debt markets and another for tokenized funds.
