Singapore to Pilot Tokenized MAS Bills by 2026

Singapore is launching a pilot project to tokenize its Monetary Authority of Singapore (MAS) bills, with the aim of settling transactions using wholesale Central Bank Digital Currencies (CBDCs) by 2026. This initiative was announced by Managing Director Chia Der Jiun at the Singapore FinTech Festival. The project will involve major banks like DBS and JPMorgan, building on MAS’s past successes in regulated digital finance. New stablecoin regulations are a key component of this effort, impacting SGD-, USD-, and EUR-pegged assets.