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Singapore outlines plans to support commercialization of asset tokenization

( November 4, 2024, 08:45 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore has announced plans to boost the commercialization of asset tokenization in financial services. These include forming commercial networks to deepen liquidity of tokenized assets, developing an ecosystem of compatible market infrastructures upon which commercial networks can be deployed, promoting industry frameworks for tokenized-asset implementation, and enabling access to a common settlement facility for tokenized assets. For the latter, MAS is facilitating access to common settlement assets, including a Singapore dollar wholesale central-bank digital currency, for market testing purposes.The regulator's statement and speech are attached. ...

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