Singapore Aims to Drive Tokenized Financial Ecosystem Expansion

Singapore’s central bank is preparing to boost its tokenized financial ecosystem with new initiatives, according to Foresight News. The Monetary Authority of Singapore (MAS) plans to launch a pilot program for issuing tokenized versions of MAS bills next year, along with the introduction of legislation regulating stablecoins. These actions were announced by Chia Der Jiun, a senior official at MAS, during his keynote address at the Singapore FinTech Festival.