Coinspeaker

Nov 13, 2025

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Singapore Plans Trial for Tokenized MAS Bills with CBDC in 2026

The Monetary Authority of Singapore (MAS) plans a trial for tokenized MAS bills linked to Central Bank Digital Currency (CBDC) in 2026. They also aim to establish a regulatory framework for stablecoins, aligning with the vision of a tokenized financial ecosystem.

Key Developments

• Singapore's initiative will provide more details next year.
• Tokenization is moving from experimental to commercial use.
• MAS Director Chia Der Jiun highlights the need to overcome structural hurdles for large-scale adoption.
• Spearheaded trials with Singapore banks on CBDC transactions.

Global Tokenization Trends

• BlackRock CEO Larry Fink acknowledges the beginning of asset tokenization.
• Hong Kong's Fintech 2030 strategy integrates tokenization as a key element.